Global energy investment is on course to reach a record $3.4 trillion in 2026 despite mounting geopolitical tensions, rising borrowing costs and growing pressure on energy infrastructure in the Middle East, according to the latest report by the International Energy Agency (IEA).
The agency said investment continues to shift decisively towards clean energy technologies, with renewables, nuclear power, electricity networks and electrification attracting the largest share of capital.
According to the report, about $2.2 trillion is expected to flow into clean energy technologies this year, compared with $1.2 trillion for fossil fuels.
Advanced economies and China are projected to account for more than 70 percent of total energy investment, while power sector projects will represent nearly half of global spending.
The IEA noted that although the conflict in the Middle East is likely to reinforce concerns around energy security and encourage fresh investment, most capital spending plans for 2026 had
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