The United States and China are the countries with the largest spending on energy infrastructure in the world. In 2024, over 40 percent of the estimated global investment in clean energy sources came from China, largely in renewable energy. Although Latin America, Africa, and Southeast Asia invested more in fossil fuels than in clean energy, global investments in clean energy were projected to almost double expenditure in fossil fuels that year.
Estimated investment in fossil fuels and clean energy infrastructure worldwide in 2024, by selected region or country
(in 2023 billion U.S. dollars)
Characteristic
Renewable power
Power grids and storage
Nuclear and other clean power
Energy efficiency and end-use
Low-emissions fuels*
Fossil fuels
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IEA. (May 29, 2024). Estimated investment in fossil fuels and clean energy infrastructure worldwide in 2024, by selected region or country (in 2023 billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1479213/clean-and-fossil-energy-investment-by-region-worldwide/
IEA. "Estimated investment in fossil fuels and clean energy infrastructure worldwide in 2024, by selected region or country (in 2023 billion U.S. dollars)." Chart. May 29, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1479213/clean-and-fossil-energy-investment-by-region-worldwide/
IEA. (2024). Estimated investment in fossil fuels and clean energy infrastructure worldwide in 2024, by selected region or country (in 2023 billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1479213/clean-and-fossil-energy-investment-by-region-worldwide/
IEA. "Estimated Investment in Fossil Fuels and Clean Energy Infrastructure Worldwide in 2024, by Selected Region or Country (in 2023 Billion U.S. Dollars)." Statista, Statista Inc., 29 May 2024, https://www.statista.com/statistics/1479213/clean-and-fossil-energy-investment-by-region-worldwide/
IEA, Estimated investment in fossil fuels and clean energy infrastructure worldwide in 2024, by selected region or country (in 2023 billion U.S. dollars) Statista, https://www.statista.com/statistics/1479213/clean-and-fossil-energy-investment-by-region-worldwide/ (last visited July 22, 2024)
Estimated investment in fossil fuels and clean energy infrastructure worldwide in 2024, by selected region or country (in 2023 billion U.S. dollars) [Graph], IEA, May 29, 2024. [Online]. Available: https://www.statista.com/statistics/1479213/clean-and-fossil-energy-investment-by-region-worldwide/
