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Energy Transition Investment Trends

image credit: Courtesy: Forbes
Tariq Siddiqui's picture
COO Upstream EP Advisors LLC

Oil & Energy | Business Development | Capital Projects | Offshore Wind - Proven leader in offshore development and operations, with 25+ years’ expertise in managing business through cycles of...

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  • Jul 28, 2021 9:07 pm GMT
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In 2020, global investment in the low-carbon energy transition totaled $501.3 billion, up from $458.6 billion in 2019 and just $235.4 billion in 2010. BloombergNEF (BNEF) tracks energy investment trends, in this free summary version they present the emerging global trend of investments in energy transition.

KEY INSIGHTS

  1. Energy transition investment hit $500 billion for the 1st time in 2020 (mainly renewables, CCS & H2)
  2. China leads investments, with the U.S. in second place (investment: Renewables & EV. transport)

  3. Global renewable energy investment running at around $300 billion a year (mostly solar & wind)

  4. Energy storage investment accelerated in the Americas, but receded in Europe (APC unchanged)

  5. Passenger EVs are the main driver of transport electrification outlays (mostly passenger EV)

  6. Europe drives latest growth in global heat pump investment

  7. Investment in H2 fell in 2020 on a lower level of fuel-cell bus deployments (passenger & busses)

  8. Investment in carbon capture and storage advanced markedly in 2020 (dominantly N. America/US) 

  9. Investment (wind & solar) by oil & gas companies (led by Total, Shell & Repsol) has held up (in pandemic) 

  10. Clean energy shares jumped 142% in 2020, while oil shares fell

INSIGHTS NOT COVERED

  1. CCS, a pathway to net-zero touted by oil & gas companies, accounts only 0.6% of total investment
  2. Capital spend by oil & gas companies (~$13.0 bln) on clean energies (renewable) accounts for 2.5% 
  3. Renewable (wind & solar) accounts accounts for only 1.8% of oil & gas companies investment

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