​​APAC energy transition investments reach $368b in 2021

The region accounts for 49% of the global energy transition investments.

The Asia Pacific (APAC) is the leading region in investments in energy transition in 2021 at $368b, increasing 38% from the previous year, according to a report by BloombergNEF.

“Electrified transport was the biggest driver as it more than doubled its investment flows in 2021, but renewables investment was up too,” the Energy Transition Investment Trends 2022 report read.

Energy transition investments globally reached $755b, increasing by 27% from 2020, driven by both renewable energy and electrified transport categories which both rose to new records in the last year with the surge in wind and solar installations and electric vehicles.

Overall, APAC accounted for 49% of the global energy transition, followed by Europe, Middle East, and Africa (EMEA) at 31%, and Americas at 20%.

Energy transition investment in EMEA rose 16% to $236b, BloombergNEF said, noting that renewable energy investment was flat but electric transport spending grew 46%.

The Americas saw its energy investments increase 21% to $150b, with electric vehicle investments growing 84%, whilst renewable energy spending remained flat.

China was the top country with the highest energy investment with $266b, up 60% from 2020, followed by the US at $114b which is a 17% increase from the previous year.