The Energy Transition Investment Trends Report
Figure: Global energy transition investment by sector, 2020-2025
Source: BloombergNEF
The Energy Transition Investment Trends (ETIT) Report, released by BloombergNEF (BNEF), finds that global investment in the energy transition reached a record $2.3 trillion in 2025, up 8% from the prior year.
✅ Main Takeaways:
📌 The largest investment drivers were:
- electrified transport – $893 billion;
- renewable energy – $690 billion;
- grid investment – $483 billion.
📌 Renewable energy investment fell 9.5% year-on-year due to changing power market regulations in China.
📌 Hydrogen ($7.3 billon) and nuclear ($36 billion) saw investment drop in 2025. All other sectors grew: energy storage ($71 billion), CCS ($6.6 billion), clean shipping ($4.2 billion), electrified heat ($84 billion) and clean industry ($34 billion).
📌 Clean energy supply investment outpaced fossil fuel supply for a second consecutive year in 2025, with the gap widening to $102 billion from $85 billion in 2024.
📌 While clean energy investment continued to grow, fossil fuel supply investment fell for the first time since 2020, declining by $9 billion year-on-year.
📌 Despite energy transition investment being at an all-time high, growth has slowed steadily, from 27% in 2021 to 8% in 2025.
📌 The regional changes:
- China ($800 billion) is posting its first decline in investment since 2013.
- The EU shrugged off headwinds to grow 18% to $455 billion, contributing the most to the global uptick.
- US investment also moved up 3.5% to $378 billion, despite the Trump administration’s moves to slow the energy transition.