Scaling the Industrial Transition 2025

Capital investments in energy by region ($, billions), 2015–2025 FIGURE 7 01002003004005006007008009001,000Capital investments ($, billions) 2025e2015 Africa 2025e2015 South-East Asia 2025e2015 Latin America 2025e2015 India 2025e2015 Middle East 2025e2015 EU 2025e2015 US 2025e2015 China Fossil fuels Renewable power Grids and storage Nuclear and other clean power Energy efficiency and end-use Low-emission fuels Historically, clean energy investments have been concentrated in developed economies and China, while developing economies have trailed in attracting capital. Investments have seen a downward trend in many such regions (Africa, South-East Asia, Latin America) due to perceived risk. Note: e = estimate Source: International Energy Agency (IEA). Scaling the Industrial Transition: Hard-to-Abate Sectors and Net-Zero Progress in 2025 22