Annual global investment in the energy and transportation transition must increase by over 200 percent by 2030 to limit the temperature rise to 1.75 degrees. This is according to a new report by the information service BloombergNEF. The report shows that global investments in 2023 amounted to 1.8 trillion US dollars. To achieve a pathway of net zero emissions by 2050, annual investment would have to increase to just under 5.4 trillion US dollars between 2024 and 2030. Most of this public and private investment would have to be channeled into the electrification of the transportation sector, renewable energies and power grids.