March 27, 2023 by Several recent Industry and financial research studies point to a significant increase in capital expenditure, and projects in an environment where projects are already currently facing significant cost escalation and supply chain issues. The International Energy Agency forecasts that annual energy investment will increase from pre-pandemic levels of just over $1.5 trillion to nearly $2 trillion in constant dollars between 2025 and 2030, with climate policy impacting the investment in energy source more than the overall investment in energy.