Global energy transition investment grows 11% to $2.1tn in 2024

Investment in the global low-carbon energy transition rose 11% in 2024, reaching $2.1 trillion, as reported by BloombergNEF’s Energy Transition Investment Trends 2025. Key drivers of this growth were electrified transport, renewable energy, and power grids, although the pace of growth was slower compared to previous years. Electrified transport saw the largest investment surge, with $757 billion directed toward passenger electric vehicles (EVs), electric two and three-wheelers, commercial EVs, public charging infrastructure, and fuel cell…