Clean energy investments now nearly double fossil fuel spending, reaching $2.2 trillion of $3.4 trillion total energy outlays this year.
Global clean energy investment will hit $2.2 trillion in 2026, accounting for nearly two-thirds of the $3.4 trillion total energy spending. Fossil fuel investments will total $1.2 trillion, marking a historic shift in energy priorities despite political resistance to decarbonization efforts.
The International Energy Agency’s latest projections show clean energy spending accelerating, outpacing fossil fuels for the second consecutive year. Last year’s figures reflected a similar trend, with renewables and low-carbon technologies gaining ground amid energy security concerns.
The report highlights a structural change in global energy markets, driven by policy support, technological advancements, and cost reductions in solar, wind, and battery storage.