Global energy investment to reach $2.4 trillion in 2022

On June 22, the 2022 Global Energy Investment Report released by the International Energy Agency predicts that global energy investment will increase by 8% in 2022, reaching 2.
4 trillion US dollars, and the growth will mainly come from investment in clean energy
.

The report said the fastest growth in energy investment was in the power sector - mostly renewables and grids, as well as investment in energy efficiency
.
However, growth in clean energy spending has not been evenly distributed, with much of it occurring in advanced economies and China
.
In some markets, energy security concerns and high prices are prompting increased investment in fossil fuel supplies, especially coal
.

According to the report, from 2015 to 2020, global clean energy investment grew by only 2% per year, but since 2020, global clean energy investment has grown by 12% per year
.
Among them, the EU's investment in clean energy in 2021 is 260 billion US dollars, and the United States is 215 billion US dollars
.

The IEA noted that spending on some emerging energy technologies is growing rapidly, particularly batteries, low-carbon hydrogen, and carbon capture utilization and storage
.
Investment in battery storage is expected to more than double to nearly $20 billion in 2022
.

High fossil fuel prices are causing pain in many economies, but also an unprecedented windfall for oil and gas producers, the International Energy Agency said
.
Global oil and gas industry revenues will jump to $4 trillion in 2022, more than double the five-year average, with the bulk going to major oil and gas exporters
.