The latest IEA World Energy Investment 2024 report predicts that investment in clean technologies will reach approximately $2 trillion in 2024. This surge is fueled by around 20 commercial-scale carbon capture, utilization, and storage (CCUS) projects in seven countries that reached financial investment decisions in 2023. There are expectations for over 110 additional projects to secure financial backing in the current year. CCUS investment is set to increase nearly 10-fold to $26 billion by 2025, largely due to government funding and investments from oil and gas companies. The report also forecasts a significant rise in hydrogen electrolyser investment, with an anticipated 140% jump to $5 billion in 2024. Mainly driven by capacity expansions and inflation, this investment is crucial for clean energy transition. While China, Europe, and the US lead in clean energy investments, other countries like Saudi Arabia, Oman, and Australia are also making strides in large-scale projects. The global energy investment is expected to break the $3 trillion mark in 2024, with a substantial portion of $2 trillion allocated to clean technologies. IEA's Executive Director, Fatih Birol, highlights the momentum behind the new global energy economy and emphasizes the need to direct investments to regions lacking access to affordable and sustainable energy. The report also touches upon the global LNG trade, noting a 2% expansion in 2023, though a potential oversupply in the market is anticipated. Finally, while investments in refining held steady in the previous year, a decrease is expected in 2024 due to new capacity additions.