The Climate Ledger | Intelligence Dashboard

What this dashboard shows

In 2025 the transition invested $2.3 trillion (BNEF). Under the headline, renewable power investment fell 9.5% while grids and electrified transport carried the growth. The dashboard below tracks where that capital is actually landing and at what cost.

Key Performance Indicators

Brent Crude

$96/bbl

+17%

ICE · 22 Apr 2026

Transition Investment

$2.3T (2025)

+8%

BNEF · Jan 2026

Battery LCOE (4hr)

<$100/MWh

-13%

BNEF · Feb 2026

Africa Solar (2025)

4.5 GW

+54%

AFSIA · Feb 2026

EU Carbon Price

~€100/tCO₂

+33%

ICE · Mar 2026

Global EV YTD

2.2M units

-8%

Benchmark MI · Mar 2026

Corporate PPAs (2025)

55.9 GW

-10%

BNEF · Feb 2026

Dangote Petrol

₦1,200/L

+20%

Nairametrics · 8 Apr

GenCo Settlement

₦3.3T approved

15 plants

Statehouse · 5 Apr 2026

Nigeria Grid PAF

30% of 13.6 GW

-4pp

NERC · Mar 2026

NERC Mini-Grid

30 biz days

Up to 10 MW

NERC R-001-2026

Chariot Lithium

254 sq km

6 licences

Chariot ASX · 10 Mar

Gas Supply Nigeria

43% of required

692 mmscf

NISO · Feb 2026

Form Energy Deal

12 GWh

Largest LDES

REW · 26 Mar 2026

EU State Aid (Apr)

€11B approved

Italy+Denmark

EC · 1 + 6 Apr 2026

Clean vs Fossil Investment ($T)

Source: BNEF, IEA. Clean energy investment now 2x fossil fuel.

Brent Crude 2026 ($/bbl)

Source: ICE, Trading Economics. Peak $119, crashed 13% on ceasefire.

Levelized Cost of Electricity by Source ($/MWh, Global Midpoint 2024/2025)

Onshore Wind

$34

$23-75

Solar PV

$43

$28-117

Hydropower

$57

$47-68

Geothermal

$81

$61-102

Battery (4hr)

<$100

$80-120

Gas CCGT

$102

$77-130

Offshore Wind

$110

$72-167

Coal

$117

$68-166

Nuclear (new)

$141

$88-221

Africa Solar+Storage

$76

AFSIA est.

Sources: IRENA Renewable Power Generation Costs 2024, Lazard LCOE+ v18 (Jun 2025), BNEF LCOE 2026, AFSIA Africa Solar Outlook 2026. Midpoint of unsubsidised range. Battery 4hr from BNEF. Gas CCGT rose 16% to record $102/MWh in 2025. Onshore wind is the cheapest new-build source globally.

Electricity Grid Composition (9 Countries)

2025 · 290 TWh

44% RE

Wind29.7%

Gas26.8%

Nuclear13.5%

Solar7%

Other23%

NESO

China

2024 · 9,700 TWh

35% RE

Coal58%

Hydro13%

Wind10%

Solar9%

Other10%

Ember / IEA

Brazil

2024 · ~700 TWh

83% RE

Hydro55%

Wind13%

Solar9%

Gas/Other23%

Ember / IEA

Germany

2024 · ~510 TWh

55% RE

Wind27%

Coal23%

Solar14%

Gas13%

Other23%

Ember

India

2025 H1 · ~2,100 TWh

24% RE

Coal71%

Solar9.2%

Hydro6%

Wind5.1%

Other8.7%

Ember

Nigeria

2025 · ~30 TWh

25% RE

Gas70%

Hydro22%

Solar2%

Other6%

NERC · Solar+wind <3% vs 82% target

Kenya

2024 · ~13 TWh

~90% RE

Geothermal41%

Hydro30%

Wind16%

Thermal/Other13%

KenGen / IRENA · Targeting 100% clean by 2030

Morocco

2024 · ~43 TWh

~40% RE

Coal/Gas40%

Wind18%

Solar (inc CSP)15%

Hydro7%

Other20%

IRENA / IEA · Targeting 52% RE by 2030

South Africa

2024 · ~240 TWh

~20% RE

Coal70%

Solar8%

Wind6%

Nuclear5%

Other11%

Ember / Eskom · REIPPPP driving solar surge

Market Signals · April 2026

Signal	Value	Change	Source
Transition investment 2025	$2.3T	+8% YoY	BNEF ETIT 2026
Electrified transport 2025	$893B	+21% YoY	BNEF
Renewable energy 2025	$690B	-9.5% YoY	BNEF
Grid investment 2025	$483B	Up strongly	BNEF
IEA total energy investment	$3.3T	+2% real	IEA WEI 2025
Tinubu GenCo settlement	₦3.3T	15 plants signed	Statehouse, 5 Apr
NERC Mini-Grid permit window	30 biz days	Up to 10 MW	NERC R-001-2026
Chariot lithium Nigeria	254 sq km	6 licences, spodumene	Chariot ASX, Mar
Form Energy + Crusoe deal	12 GWh	Largest LDES order	REW, 26 Mar
EU state aid approved (Apr)	€11B	Italy H₂ + Denmark OSW	EC, 1 & 6 Apr
Brent crude (peak)	$113/bbl	+17% war spike	ICE, Apr 2026
Brent crude (post-ceasefire)	$95-98/bbl	Settled	ICE, 22 Apr
Hormuz joint warning	IEA/IMF/WB	"Global energy shock"	14 Apr joint statement
Dangote petrol (gantry)	₦1,200/L	+20% post-ceasefire	Nairametrics, 8 Apr
Nigeria Plant Availability	30%	↓ from 34%	NERC Mar 2026
Nigeria gas supply	692 mmscf/d	43% of required	NISO Feb 2026
European BEV sales YoY	+16%	Feb 2026	ACEA
BYD electric bus sales Mar	+71%	YoY	CleanTechnica
UK grid queue 2024	700+ GW	60% speculative	Ofgem, Apr reforms
Battery LCOE (4-hr)	<$100/MWh	-13%	BNEF
Onshore wind LCOE (global)	$34/MWh	Cheapest new-build	IRENA
Africa solar+storage (24hr)	$76/MWh	Beats new fossil	AFSIA
EU carbon allowance	~€100/tCO₂	+33%	ICE
Africa clean invest. share	2%	of $3.3T global	IEA / RMI

The Climate Ledger

LinkedIn Instagram X Substack Email

Issue 03: The Drift