Global energy transition investments 2023, by technology
The renewable energy sector had the second-highest investment value overall among all energy transition-relevant sectors worldwide in 2023, at 623 billion U.S. dollars. Global expenditure on electrified transportation was the highest, with investments amounting to 632 billion U.S. dollars in 2023.
The total annual global investment in energy transition technologies exceeded 1.7 trillion U.S. dollars in 2023.