About this report

This year’s edition of the World Energy Investment provides a full update on the investment picture in 2023 and an initial reading of the emerging picture for 2024.

The report provides a global benchmark for tracking capital flows in the energy sector and examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, critical minerals, efficiency, research and development and energy finance.

The report highlights several key aspects of the current investment landscape, including persistent cost and interest rates pressures, the new industrial strategies being adopted by major economies to boost clean energy manufacturing, and the policies that support incentives for clean energy spending, notably from the increasingly important viewpoints of energy security and affordability.

This year’s edition provides an expanded analysis on the sources of investment and sources of finance in the energy sector, including new insights on the role of development finance institutions in energy investments across emerging and developing economies. It will also look at how investment trends in clean energy compare with those in fossil fuels, as well as the geographic distribution of these investments.

The report also includes a new regional section covering 10 major economies and regions. It also assesses additional efforts needed to meet the COP28 goals to transition away from fossil fuels, triple renewable capacity and double the rate of improvements in energy efficiency by 2030.