The International Energy Agency said today, Thursday, that increased spending on clean energy will lead to pushing global energy investments to a record level of $ 3.3 trillion this year despite the state of economic blurring and geopolitical tension.
The agency said in its annual report on global energy investment that clean energy technologies, including renewable energy Nuclear energy And storing energy, is to attract $ 2.2 trillion, which is the expected amount of fossil fuel.
“The economic and commercial scene is quick to develop that some investors adopt the waiting and anticipation approach regarding the approval of new energy projects, but in most regions we have not yet seen significant impacts on existing projects,” said Fateh Birol, Executive Director of the Agency.
The report indicated that the solar energy is expected to be the largest beneficiary, as it is expected that the investment will reach 450 billion dollars in 2025, and it is also expected that the spending on storing batteries will rise to about 66 billion dollars.
In contrast, expectations indicate a decrease in investment in oil and gas, with the decline in investment in excavation and oil exploration by six percent in 2025 due to low oil prices and demand expectations.
Where global investment in oil is expected to decrease by 6 % in 2025, the first decrease in a decade with the exception of the recession resulting from the Korona pandemic, according to the International Energy Agency.
“This decrease in oil investments is driven by economic certainty, low demand expectations, and low prices,” Perol said. The agency’s report indicated that the decline is often due to a sharp decline in spending on US shale oil.
Oil prices fell with a threat of a policy Customs For the American president Donald Trump With the slowdown in the global economy, while OPEC Plus hastened to resume its production in a market that was already saturated with supplies.
Thus, the International Energy Agency expects the total investment in the initial oil and gas activities for 2025 to less than 570 billion dollars, a decrease of about 4 %.
From this spending, about 40 % is devoted to slowing the decline in production in the existing fields. It is scheduled that global investment in refining refineries in 2025 will reach its lowest level during the past ten years at about 30 billion dollars.
As for spending on natural gas fields, it is expected to maintain the levels that were seen in 2024, while investing in new LNG facilities is “a strong upward trend” with the willingness of new projects in US And diameter And Canada And other places to start production.
The spending patterns remained very uneven in the world, as many developing economies are struggling to collect capital infrastructure, while dominating China On global investment in clean energy in about a third of the total.