Connect with us

Hi, what are you looking for?


Clean Power

Global Energy Investment Dropped 8% In 2015 Despite Strong Interest In Renewables

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

A new “first-ever” analysis report published by the International Energy Agency found that investment in the global energy system dropped 8% despite continued and strong investment in renewable energy, electricity networks, and energy efficiency.

The new report, World Energy Investment 2016, was published by the International Energy Agency (IEA) this week and represents what it calls a “first-ever detailed analysis of investment across the global energy system” and “provides a comprehensive and detailed picture of the current investment landscape” of the global energy sector. The report revealed the global electricity sector “leading a broad reorientation of energy investment.” Specifically, investment in oil and gas upstream spending dropped significantly, even outweighing the continued and robust investment in renewable energy technologies, electricity networks, and energy efficiency.

In the end, total investment in the global energy sector reached $1.8 trillion in 2015, down 8% from $2 trillion in 2014.

“We see a broad shift of spending toward cleaner energy, often as a result of government policies,” said IEA Executive Director Fatih Birol.

“Our report clearly shows that such government measures can work, and are key to a successful energy transition. But while some progress has been achieved, investors need clarity and certainty from policy makers. Governments must not only maintain but heighten their commitment to achieve energy security and climate goals.”

China led the world as the largest energy investor in 2015 with $315 billion. The United States’ energy investment dropped nearly $75 billion down to $280 billion, due primarily to low oil prices and cost deflation — and representing half of the total decline in global energy spending for the year. The IEA identified the Middle East and Russia as the two regions most resilient to spending cuts.

With $313 billion, investments in renewable energy accounted for nearly a fifth of the total spending in 2015, and solidifying renewables’ position as the largest source of power investment in the world — to the surprise of no one in particular. Interestingly, digging into the figures further shows that spending on renewable power capacity was relatively flat between 2011 and 2015, while electricity generation from new installed capacity rose by a third — representing the steep decline of energy costs for renewable energy technologies such as wind and solar PV.

Investment in electricity networks was again impressive in 2015, with investment in technology innovations for smart grids and energy storage leading the way, and expected to continue to be a critical component to the integration of ever-increasing levels of wind and solar.

Investment in gas-fired power generation declined by nearly 40% in 2015, with Asian markets continuing to favor investment in coal power over gas — though it is the Asian markets which are responsible for significant slices of the renewable energy investment pie.

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

EV Obsession Daily!

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
Thank you!

Tesla Sales in 2023, 2024, and 2030

CleanTechnica uses affiliate links. See our policy here.
Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like

Clean Power

The latest report from the IEA finds some reasons to be hopeful that humans won't turn the world into a baked potato.


Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The two biggest clean technology trends we cover...

Clean Power

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! When I started writing on CleanTechnica in 2009,...

Clean Power

The Canadian startup XlynX aims to improve perovskite solar cells with a new advanced adhesive.

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.