• Global energy transition investment rose 8% to a record $2.3 trillion in 2025

• Electric transport led spending, while renewables investment declined

• China remained the largest market despite its first drop since 2013

Global investment in the energy transition reached a new record of $2.3 trillion in 2025, data from BloombergNEF’s Energy Transition Investment Trends 2026 report show. The total increased by 8% year on year, confirming the continued shift of the global power system toward low-carbon technologies.

Electric transport emerged as the main driver of this transition. In 2025, investment in electric vehicle purchases and charging infrastructure totaled $893 billion, up 21%. Renewable energy ranked second with $690 billion, largely supported by solar power. However, funding in this segment fell by 9.5%, reflecting a sharp slowdown in the Chinese market following reforms introduced in 2025.

Investment in power grids also rose strongly, reaching $483 billion, an increase of 17%, as operators stepped up efforts to expand and modernize infrastructure. Other segments also posted positive momentum, including energy storage at $71 billion, electrification of thermal uses at $84 billion, and carbon capture and storage at $6.6 billion.

By contrast, the report notes a decline in investment in low-carbon hydrogen and nuclear power in 2025, to $7.3 billion and $36 billion, respectively.

From a regional perspective, China remained the largest market with $800 billion in investment, but recorded its first decline since 2013. The European Union stood out with an 18% increase to $455 billion, while the United States posted more modest growth to $378 billion.

While investment in the energy transition now exceeds spending on fossil fuels, growth is slowing. BloombergNEF nonetheless expects a rebound over the 2026–2030 period, with average annual investment levels projected to be 25% higher than in 2025.

Abdoullah Diop