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Investors Bet $2 Trillion on the Energy Transition
Feb 27, 2025
Meredith Annex, Head of Clean Power at BNEF, brings her expertise to discuss the groundbreaking $2 trillion investment in the energy transition. She highlights the dominance of solar energy and the critical shift towards power grid and energy storage investments. The podcast delves into the contrasting trends in onshore and offshore wind, the emergence of small modular reactors in nuclear energy, and the underrated significance of heat pumps in decarbonizing sectors. It's a vital listen for anyone interested in the future of clean energy!
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Quick takeaways
- Global investments in the energy transition surpassed $2 trillion in 2024, highlighting a significant increase but slower growth in certain sectors.
- Solar energy dominated renewable investments, comprising 72% of total funding, while energy storage and power grid investments also reached record highs.
Deep dives
Rising Investments in Energy Transition
In 2024, global investments in the energy transition surpassed $2 trillion for the first time, marking a significant milestone. Although investment levels increased by 11% compared to the previous year, the growth rate was slower than the previous years, indicating some deceleration in certain sectors. Traditional energy areas such as renewables and electrified transport comprised over 90% of the total investments, while emerging sectors like hydrogen and carbon capture, utilization, and storage saw a marked decline in funding, illustrating a stark contrast in investment focus. This situation calls for a reevaluation of the narratives surrounding emerging technologies versus established renewable solutions.
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