Electricity investments will account for $2.2 trillion of the total, while oil, gas, and coal draw $1.2 trillion amid shifting priorities.
Global energy investment is projected to surge to $3.4 trillion this year, driven by responses to the second energy crisis in under five years. The increase reflects heightened spending on both clean and fossil fuel energy sources.
Of the total, $2.2 trillion will target electricity infrastructure, including grids, storage, nuclear, wind, solar, and efficiency improvements. The remaining $1.2 trillion will fund oil, gas, and coal projects, though crude oil investment is expected to decline.
The shift underscores a broader transition toward renewable energy while maintaining fossil fuel supply to address near-term demand.