Global investments across all transition technologies will need to average 5.3 trillion U.S. dollars per year from 2023 to 2050 to remain on the pathway that limits global warming to 1.5°C. Annual investments of 1.4 trillion U.S. dollars will be required for power generation capacity, which includes technologies such as solar PV, wind power, and geothermal. Meanwhile, annual investment of 1.5 trillion U.S. dollars will be required for energy efficiency in buildings, industry, and transportation. In 2022, global investments in energy transition technologies exceeded one trillion U.S. dollars for the first time. As such, annual investments will need to roughly quadruple over the coming years.
Required average annual investments in transition technologies worldwide to remain on the 1.5°C pathway from 2023 to 2050
(in billion U.S. dollars)
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IRENA. (June 1, 2023). Required average annual investments in transition technologies worldwide to remain on the 1.5°C pathway from 2023 to 2050 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1410509/required-annual-investments-in-transition-technologies/
IRENA. "Required average annual investments in transition technologies worldwide to remain on the 1.5°C pathway from 2023 to 2050 (in billion U.S. dollars)." Chart. June 1, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1410509/required-annual-investments-in-transition-technologies/
IRENA. (2023). Required average annual investments in transition technologies worldwide to remain on the 1.5°C pathway from 2023 to 2050 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1410509/required-annual-investments-in-transition-technologies/
IRENA. "Required Average Annual Investments in Transition Technologies Worldwide to Remain on The 1.5°c Pathway from 2023 to 2050 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Jun 2023, https://www.statista.com/statistics/1410509/required-annual-investments-in-transition-technologies/
IRENA, Required average annual investments in transition technologies worldwide to remain on the 1.5°C pathway from 2023 to 2050 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1410509/required-annual-investments-in-transition-technologies/ (last visited November 21, 2024)
Required average annual investments in transition technologies worldwide to remain on the 1.5°C pathway from 2023 to 2050 (in billion U.S. dollars) [Graph], IRENA, June 1, 2023. [Online]. Available: https://www.statista.com/statistics/1410509/required-annual-investments-in-transition-technologies/
