2025年全球能源转型融资格局

2025 © IRENA 2025 Unless otherwise stated, material in this publication may be freely used, shared, copied, reproduced, printed and/or stored, provided thatappropriate acknowledgement is given of IRENA as the source and copyright holder. Material in this publication that is attributed to thirdparties may be subject to separate terms of use and restrictions, and appropriate permissions from these third parties may need to besecured before any use of such material. CITATION:IRENA and CPI (2025),Global landscape of energy transition finance 2025, International Renewable Energy Agency, Abu Dhabi. Available for download:www.irena.org/publicationsFor further information or to provide feedback:publications@irena.org ABOUT IRENA The International Renewable Energy Agency (IRENA) serves as the principal platform for international co-operation, a centreof excellence, a repository of policy, technology, resource and financial knowledge, and a driver of action on the ground toadvance the transformation of the global energy system. A global intergovernmental organisation established in 2011, IRENApromotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal,hydropower, ocean, solar and wind energy, in the pursuit of sustainable development, energy access, energy security, andlow-carbon economic growth and prosperity.www.irena.org ACKNOWLEDGEMENTS This report was jointly prepared by the International Renewable Energy Agency and the Climate Policy Initiative (CPI), under the guidance ofUte Collier and Diala Hawila (IRENA) and Costanza Strinati (CPI). Lead authorship and co-ordination was provided by Faran Rana (IRENA); other authors include Patricia Wild and Hannah Sofia Guinto(IRENA); Shengzi Li, Mairéad Barron and Alfred Sloley and Ines Alanah (CPI); and Austin Lee (consultant), with valuable contributions fromGondia Seck, Mirjam Reiner, Abdullah Fahad, Ntsebo Sephelane, and Ali Almir Mahmoud (IRENA), Matthew Price, Tinglu Zhang, Jake Connolly,Jana Stupperich, Laura-El-Katiri and Pyarelal Karim (consultants); Emanuele Bianco (ex-IRENA), Tara Laan (International Institute forSustainable Development) and Drew Corbyn (GOGLA). Review and feedback was provided by IRENA colleagues, Michael Renner, Lourdes Zamora, Marta Pranzetti, Saied Dardour, Deborah MachadoAyres, Stuti Piya, Mengzhu Xiao and Chandrakant Ingole, and by CPI colleagues, Baysa Naran, Chavi Meattle and Dharshan Wignarajah. IRENA also would like to express its sincere appreciation to the following technical experts who reviewed the report: Enam Akoetey (AfricaClean Energy Buyers); Jennifer Romero-Torres, Kosintr Puongsophol and Vlad C. Olievschi (Asian Development Bank); Massimiliano Cervo(Energy Institute); Randi Kristiansen (Glasgow Financial Alliance for Net Zero); Laura Fortes and Oliver Reynolds (GOGLA); Fadhel Kaboub(Global Institute for Sustainable Prosperity); Charlotte Gardes-Landolfini (International Monetary Fund); Rabia Ferroukhi (InternationalNetwork for Energy Transition Think Tanks); Mathias Larsen (London School of Economics and Political Science); Alejandro Longueira (OliverWyman); Valentina Bellesi, Benjamin Denis and Cornelia Schenk (Organisation for Economic Co-operation and Development); Lialia CaiadoCuoto (Open Society Foundation); Nick Fedorkiw (Power Trust); Andrea Wainer, Frank Okoth-Menya, Jad Baba and Janne Piper (RenewableEnergy Policy Network for the 21stCentury); Daniel Duma (Stockholm Environment Institute); Divyam Nagpal (Sustainable Energy for All);Rezvan Ahmed (UGE); Amelia Santos Paulino and Claudia Trentini (United Nations Conference on Trade and Development); and MathewWittenstein (United Nations Economic and Social Commission for Asia and the Pacific). Editing and production was managed by Francis Field with the support of Stephanie Clarke. Technical review was provided by Paul Komor.The report was copy-edited by Emily Youers, with design by weeks.de Werbeagentur GmbH and Myrto Petrou (consultant). DISCLAIMER This publication and the material herein are provided “as is”. All reasonable precautions have been taken by IRENA to verify the reliabilityof the material in this publication. However, neither IRENA nor any of its officials, agents, data or other third-party content providers,provides a warranty of any kind, either expressed or implied, and they accept no responsibility or liability for any consequence of use ofthe publication or material herein. The information contained herein does not necessarily represent the views of all Members of IRENA. The mention of specific companiesor certain projects or products does not imply that they are endorsed or recommended by IRENA in preference to others of a similarnature that are not mentioned. The designations employed, and the presentation of material herein, do not imply the expression of anyopinion on the part of IRENA concerning the legal status of any region, country, territory, city or area or of its au