Clean Energy Investment Hits $2.2 Trillion, Nearly Double Fossil Fuels
IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns Haley Zaremba is an energy journalist and researcher with more than a decade of professional experience covering global energy systems, land and natural resources, and… Despite historic political headwinds against the global decarbonization effort, clean energy spending continues to see a meteoric rise around the world.
The International Energy Agency’s World Energy Investment 2026, published in May of this year, projects that of the $3.4 trillion dollars that the world will spend on energy investments this year, $2.2 trillion will go to clean energy, and just $1.2 trillion will go to fossil fuels.
This marks a historic shift in energy spending and in energy security priorities on a global level.
Worldwide, energy markets are in a state of extreme upheaval thanks to compounding energy crises coming from many different directions and causes.
We can read a lot into the fact that clean energy is being buoyed by energy security anxieties.
Looking at where the money is flowing shows us clearly that, to global leaders, clean energy now represents the future of safety, affordability and resilience.
This is a massive pivot from how energy security has been viewed historically.
Until now, coal, oil, and gas have representedsafetyandsecurity, stalwart and trustworthy in comparison to the great clean energy experiment.
Ongoing conflict in countries at the center of global flows of oil and gas has created a huge degree of uncertainty and volatility in fossil fuel markets.
While most of the world wasstill struggling to recoverfrom oil and gas price shocks and redrawn energy supply chains stemming from Russia’s 2022 invasion of Ukraine, markets were hit with a whole new – and much more extreme – wave of energy supply disruptions from the United States’ and Israel’s war in Ukraine.
These conflicts give clean energies a critical advantage in terms of energy autonomy and independence.
“Wind and solar cannot be embargoed, blockaded, or shut off by a foreign power,” David Frykman, General Partner at Stockholm-based venture capital group Norrsken, wrote in a Marchop-edfor Fortune.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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