Energy sector to invest $3.4T by 2026
The 2026 report from the International Energy Agency revealed that the Middle East crisis has impacted global energy investments, which are expected to reach $3.4 trillion. Of this, $2.2 trillion will be directed toward electricity, renewable energy, and nuclear power, while $1.2 trillion will go to oil, gas, and coal. Despite rising oil prices, oil investments are declining for the third consecutive year; however, the agency expects natural gas investments to reach their highest level in a decade, supported by liquefied natural gas export projects. Additionally, renewable and nuclear energy account for more than 70% of electricity generation investments. Electric vehicle sales are projected to reach 23 million units in 2026, with the total number of electric cars expected to rise to 510 million by 2035.
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