BNEF: Investment in the energy transition reached a new record in 2025

Global investment in renewable energy and the energy transition reached a new record in 2025. It rose by 8% year on year to USD 2.3 trillion (EUR 1.93 trillion), according to BloombergNEF.

According to the BloombergNEF Energy Transition Investment Trends report, covered by outlets including RenewablesNow, total global investment increased, but growth was uneven. Electrified transport accounted for the largest share of spending: investment in the sector rose by 21% to USD 893 billion globally, driven by continued growth in electric vehicle sales and supporting infrastructure.

Investment in electricity grids also rose significantly, by 17% to USD 483 billion. This trend reflects rising demand for electricity, the need to integrate renewable energy sources and efforts to strengthen energy security.

Investment in renewable energy itself, however, fell by 9.5% to USD 690 billion, primarily due to regulatory changes in China, the world's largest renewable energy market. China recorded its first decline in renewable energy financing since 2013, although it remained the global leader in energy transition investment, with USD 800 billion. The European Union, by contrast, increased investment by 18% to USD 455 billion, while investment in the US rose by 3.5% to USD 378 billion despite policy changes under the Trump administration.

Performance varied across sectors. Investment in hydrogen and nuclear power fell over the past year, while spending on energy storage technologies, carbon capture and storage (CCS), greener shipping, electrified heating and industrial measures increased.

Investment in the clean energy supply chain rose by 6%, including new manufacturing capacity for solar panels, batteries, electrolysers and wind equipment, as well as the mining and processing of battery metals.

Climate technology companies raised USD 77.3 billion in public and private capital in 2025, a 53% increase after three years of overall declines.

Despite continued investment, the wind sector experienced one of its worst years in decades, for example.