How the energy crisis is reshaping investment

As the energy crisis caused by disruptions to oil and gas flows through the Strait of Hormuz continues to unfold, how is it shifting energy investment priorities around the world? In this episode, two IEA experts – Energy Investment Unit head Cecilia Tam and energy investment analyst Kirsten Smith – dig into this question based on new insights from the World Energy Investment 2026 report. With energy security concerns front and centre – and with many countries increasingly looking to meet demand with domestic energy sources – they discuss the implications across different sectors, including oil, gas, coal, nuclear, renewables and electricity. They also speak about how investment in energy efficiency is evolving and how the crisis could affect the cost of capital for energy projects.