Global capital spending on the green transition is currently approximately $800 billion per year in direct spending, but real numbers are higher because government mandates on utilities and energy companies create real economic costs that don't show up in direct spending figures.

factualpending

Speaker

Unidentified Speaker — Mark Mills: The energy transition delusion: inescapable min… [sgOEGKDVvsg]

Evidence Quote

we're spending now something in our order of 800 billion dollars a year direct money and I dare say that the real numbers are higher because mandates have uh have a real cost to the economy

Source

Mark Mills: The energy transition delusion: inescapable mineral realitiesSKAGEN Fondene
Created: 8/11/2026, 1:28:24 AM

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