Investors are betting $21 billion that the energy transition isn’t going away

Despite political opposition in the U.S., notably from Congressional Republicans and the Trump administration, investor confidence in the energy transition remains robust. This is evidenced by significant capital commitments to clean energy funds: Brookfield recently raised $20 billion for its second energy transition fund—33% more than its first fund in 2021—and Energy Impact Partners closed its third flagship fund at $1.36 billion, a 40% increase over its prior fund. These investments target renewable power projects and climate tech companies, reflecting sustained belief in the sector’s long-term growth potential despite a less favorable economic environment than in previous years. While the International Energy Agency (IEA) predicts a 45% reduction in U.S. renewable adoption by 2030 compared to last year’s forecast, global renewable capacity is still expected to double by 2030, driven by solar expansion in China, India, the EU, and other regions. Analysts at DNV foresee continued momentum toward renewable energy, though acknowledge that current efforts will