This is evidenced by data from the International Energy Agency’s (IEA) special report, “Transformation Agenda – 2026,” according to the Turkish news agency Anadolu.
The IEA believes that the geopolitical conflicts of recent years, trade disputes, and disruptions affecting energy markets and supply chains have reinforced the key role of the energy sector in economic stability and national security, as well as influenced political priorities and investment decisions in various regions of the world.
In this context, the Agency believes that increased investment in the energy sector is both evident and necessary. Of the total $3.4 trillion, approximately $2.2 trillion will be directed toward the development of renewable and nuclear energy, power grids, energy storage systems, low-carbon fuels, energy efficiency improvements, and electrification, the IEA report notes.
Another approximately $1.2 trillion is planned to be invested in the oil, gas, and coal sectors.
Priority: Clean Energy
The report notes that for the large-scale deployment of clean energy projects, it is necessary to simultaneously increase investment in power grid infrastructure, energy storage systems, supporting infrastructure, and financing mechanisms.
In particular, the acceleration of electrification makes power grids and energy storage systems key elements of the energy transition. In the coming years, investment is expected to shift further toward the development of electric power infrastructure and technologies that ensure the flexibility of energy systems.
