A recent report from BloombergNEF revealed that global investment in clean energy technologies surged to a new high of $2.1 trillion in 2024, marking an 11% increase from the previous year and more than double the investment made in 2020. The investment was distributed across various sectors, with electrified transport, renewable energy, and power grids being the top recipients. Notably, energy storage also saw a record $54 billion in investments. However, sectors like nuclear, carbon capture and storage, hydrogen, and others experienced a decline in investments. Mainland China played a pivotal role in driving the global increase, capturing a significant portion of the rise. Despite the massive investments, the report suggests that the world is lagging behind its net-zero emissions targets, emphasizing the need for accelerated investment. The U.S. led in energy transition debt issuances, underlining its commitment to clean energy. The report highlighted challenges in venture capital investments for climate and energy in 2024, showing a significant decline despite the overall increase in venture funding across sectors.