The World Energy Investment Report for 2023 provides an initial look at the investment landscape for the year ahead and offers a comprehensive update on the energy sector. This report serves as a global benchmark for tracking capital flows in the energy sector and explores how investors are evaluating risks and opportunities across various areas of fuel and electricity supply, critical minerals, efficiency, research and development, and energy finance.

Key features of the new investment landscape are already evident, including policies that support incentives for clean energy spending, increased emphasis on energy security in investment decisions, widespread cost and inflationary pressures, rising revenues for traditional suppliers due to high fuel prices, and growing expectations in many countries for investments to align with solutions to the climate crisis.

As part of the IEA’s support for the first global stocktake of the Paris Agreement, this report will contribute to discussions leading up to COP28, the next UN Climate Change Conference scheduled for the end of 2023. Other reports in this series can be found on the IEA’s Global Energy Transitions Stocktake page.

This work was made possible with the support of the Clean Energy Transitions Programme, a flagship initiative by IEA aimed at transforming world’s energy system to achieve a secure and sustainable future for all.