Solar power is expected to be the biggest beneficiary, with investment forecast to reach $450 billion in 2025, while spending on battery storage is predicted to surge to around $66 billion.

Around $3.3 trillion will flow into the energy sector in 2025 and around $2.2 trillion of that will go to renewable and nuclear energy, energy storage, low-emission fuels, efficiency and electrification,

Global energy investment is projected to reach a record $3.3 trillion in 2025, despite continued economic uncertainty and heightened geopolitical risks, according to the International Energy Agency (IEA).