Climate capitalism sees Governments invest in both green energy and fossil fuels
The global energy transition has become a capital-allocation race.
The International Energy Agency (IEA) projects US$3.3 trillion in total energy investment in 2025, with US$2.2 trillion in clean energy (IEA, 2025).
At the same time, fossil-fuel subsidies remain enormous, approaching US$7 trillion in 2022, meaning governments subsidise both clean & fossil energy (IMF, 2023