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Jobs
…share of energy sector jobs than in areas with lower unemployment. Meanwhile, other energy sector jobs are more prevalent in areas with lower unemployment rates. Energy efficiency investments also contribute to enhance the quality of jobs in other industries. Firms that invest in energy efficiency can significantly improve the quality of the working environment, with efficient lighting that provides increased visual comfort, or efficient ventilation systems that enhance air quality. By freeing up businesses’ spending through reduced energy bills, energy efficiency helps minimise cost pressures and supports employers in safeguarding jobs. Need more information? IEA (2020), World Energy Outlook Special…
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World Energy Investment 2025 How we track investment in energy
…data for energy demand, supply and trade, and estimates of unit capacity costs, analysis of which benefits from extensive interaction with industry. By default, investment data are given in year 2024 US dollars, adjusted using country-level gross domestic product (GDP) deflators and 2024 exchange rates. Unless otherwise stated, all time series and historical comparisons are presented in real 2024 US dollar terms, adjusted for inflation.This investment approach mirrors real-world practices and aligns with capital expenditure in financial reporting. In reality, time lags and varied spending occur between FID and project operation. Where possible, financial and energy performance…
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World Energy Investment 2025 United States
…net energy exporter in 2019, a remarkable turnaround from its high previous reliance on imports, the country has continued to expand its global energy role. In 2024 it was the world’s largest producer of oil and gas (20% of global output), as well as a major investor (25% of total investment). This growth has been buoyed by rising investment in LNG export projects, mainly targeting Asian and European buyers. Between 2015 and 2024 the share of annual energy investment going to fossil fuel supply and fossil fuel-based electricity generation declined from 60% to just under 40%. Meanwhile, investment…
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World Energy Investment 2025 Executive summary
Despite elevated geopolitical tensions and economic uncertainty, this tenth edition of the IEA’s World Energy Investment shows that capital flows to the energy sector are set to rise in 2025 to USD 3.3 trillion, a 2% rise in real terms on 2024. Around USD 2.2 trillion is going collectively to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, twice as much as the USD 1.1 trillion going to oil, natural gas and coal. Open questions about the economic and trade outlook means that some investors are adopting a wait-and-see approach to new project approvals, but we have yet…
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World Energy Investment 2025 Middle East
The Middle East is rich in a wide range of energy resources, which it is looking to develop with a mix of foreign and domestic sources of investment The Middle East holds some of the lowest-cost oil and gas resources in the world, and in 2024 provided around 30% of global oil production and 17% of global natural gas production. Saudi Arabia’s upstream oil and gas investment is the highest in the region, and is set to reach about USD 40 billion in 2025, nearly 15% higher than in 2015. Overall, the Middle East is set to invest about USD 130 billion…
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World Energy Investment 2025 India
…power sector investment went to clean energy. India was also the world’s largest recipient of development finance (DFI) funding in 2024, receiving around USD 2.4 billion in project-type interventions in clean energy generation. This helped bring the share of non-fossil power generation capacity to 44% in 2024, approaching India’s target of 50% by 2030. India has announced a range of measures to facilitate and support investment in non-fossil power generation, domestic manufacturing of key energy components such as batteries and solar PV modules, and in transmission and distribution. While a large share of the investment in…
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World Energy Investment 2025 Southeast Asia
…Investment in coal plants has risen steadily throughout the past 20 years, reaching 121 GW of installed capacity in 2025. Assuming 25 years of economic lifetime, the capital yet to be recovered from coal plants in 2025 amounts to more than USD 130 billion, which could expose operators to stranded asset risks as energy transitions accelerate. Achieving orderly and just energy transitions would require a combination of financial approaches to scale up clean energy and reduce reliance on fossil fuels, especially the managed phase-out of coal-fired power plants with transition finance. Southeast Asia is playing a growing role in clean energy manufacturing…
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Fossil Fuels
Fossil Fuels
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Industry
Industry
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Global Energy and Climate Model About the Global Energy and Climate Model
…IEA’s Global Energy and Climate (GEC) Model. This model is now the principal tool used to generate detailed sector-by-sector and region-by-region long-term scenarios across IEA's publications.The GEC Model brings together the unique modelling capabilities of the WEM and ETP models. The result is a large-scale, bottom-up simulation modelling framework with elements of optimisation, allowing for a unique set of analytical capacities in energy markets, technology trends, policy strategies and investments across the energy sector. The IEA’s GEC Model covers 29 regions that can be aggregated to world-level results…
