IEA World Energy Investment 2026: comment

Commenting on publication of the International Energy Agency's World Energy Investment, 2026 [1] Gareth Redmond-King, Head of International at the Energy & Climate Intelligence Unit (ECIU) said: "In a tense geopolitical environment, the clean transition is maintaining momentum globally, with clean energy investment still outstripping that in fossil fuels by around two to one. That clean investment over the past few years is paying dividends, avoiding hundreds of billions in imported fossil fuel costs, as oil and gas from unstable regions drive price spikes right around the world.  

"With 84% of global GDP covered by a commitment to reaching net zero emissions, economies are genuinely making huge progress in shifting away from burning oil and gas. This seems ever more important as we see dangerous heat in Asia and Europe, with El Niño almost certainly on its way this year, and net zero being the only solution to stopping man-made climate change."

ENDS

Notes to editors:

1. To be published by the International Energy Agency (iea.org) at 6am Paris time on Thursday 28th May, 2026.

For more information or for interview requests:

George Smeeton, Head of Communications, ECIU, t: 020 8156 5305, m: 07894 571 153, email: george.smeeton@eciu.net