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Employment Agencies and the Labor Law Essay

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Employment agencies are a well established and recognized part of the modern employment process. They operate in the majority of the countries with sufficiently developed labor law. Despite being a legitimate part of the employment procedure today, their legal status was questioned several times in various countries throughout the course of the twentieth century, which has led to the establishment of regulations, licensing, and the division into state and private branches.

An employment agency is an organization which provides services of finding employment positions for its clients. This can be done for a fee in case of a private agency, or free of charge if the agency is public (“Employment Agencies Law & Legal Definition” par. 1). The first recorded mention of such organization dates back to 1650 when Henry Robertson proposed the concept of the organization named “The Office of Addresses and Encounters” which would help the poor to find a job (McKeon 28).

However, the first successful instance of such organization in action is seen much later, near the end of the nineteenth century (Phipps par. 2). Several small private agencies have opened relatively simultaneously in the U.S. in the 1890s to a varying degree of success. At this time, the legal status of these organizations was questionable, and it can be safely assumed they were in the “gray zone” – they were acting within the limits of active labor and business laws but were not properly regulated. This was reflected in the quality of the provided services: the agencies were often mistreating their clients and engaging in abusive practices, taking advantage of the unfavorable situation on the labor market.

Gradually, as the employment segment became more tightly regulated and new laws were established at the beginning of the twentieth century, the questionable practices and lack of legislation for the agencies came into attention. The series of court cases prompted the investigation, which revealed the maltreatment of employees and unfair practices. The U.S. Bureau of Labor Bulletin no. 109, published in 1912, lists “charging a fee and failing to make any effort to find work for the applicant; sending applicants where no work exists; collusion between the agent and employer whereby the applicant is given a few days’ work and then discharged to make way for new workmen, the agent and employer dividing the fee; charging exorbitant fees, or giving jobs to such applicants as contribute extra fees, presents” among many others (Sargent 36).

The initial reaction was the attempt to abolish the employment agencies altogether. In the famous Adams v. Tanner case, the Washington state proposed a law that prohibited the practice of charging a fee for aiding an employee in seeking a job on the grounds that such practice is a threat to the employee’s welfare, and, by extension, the welfare of the state (Justia par. 3). However, the law was not passed as it was found to be unconstitutional. Nevertheless, the issue has gained attention, and the reaction followed. The International Labor Organization, the United Nations agency created in 1919 to deal with labor issues, has addressed the agencies issue in its very first recommendation, stating that any organization that charges fees for their services is prohibited unless operated under a government license, and an effort must be directed at eradicating such organizations.

However, the Unemployment Convention of the same year proposes a softer alternative of creating a centralized and tightly controlled institution instead of the unregulated multitude of entities and closing down only those which are unable to comply to the standards. Since then, the concept of public employment agency has been worked out, while private companies became strictly regulated. However, it was not before 1933 when the first public agency has opened in the U.S. Initially conceived as a part of the New Deal policy, the Wagner-Peyser Act of 1933 has introduced the public agency as a part of unemployment solution (United States Department of Labor par. 4).

This act has been the chief regulatory standard for public agencies until it was amended in 1998 by the Workforce Investment Act. Simultaneously, the International Labor Organization has called for enforcing stricter policies regarding the private sector. In 1933, the Fee-Charging Employment Agencies Convention proposed to close down all the agencies which have failed to be licensed by the state. The situation stayed relatively unchanged until 1997 when the Private Employment Agencies Convention has finally introduced more acceptable conditions for private businesses in the field. However, the U.S. did not sign the initial conventions of 1933, which, in itself, are not enforceable. Thus, by the time the private agencies were allowed, they were already present in America.

The similar situation is true to most other countries where the labor law is sufficiently developed. For example, in the United Kingdom, the general pattern follows that of the described above, with the first agencies emerging in the late nineteenth century, the only difference being that they were initially government-based. Likewise, the private agencies in the UK were initially quasi-legal, but with the introduction of the respective acts, became legal and regulated. They do not have any statutory basis but are instead regulated through inspections and court cases. Most of the developed countries follow this practice – the employment agencies are rarely illegal, and often exist in both public and private forms.

The generally accepted legal requirements for private agencies can be broadly characterized as those advocating good faith and excluding deceptive strategies or breach of human rights. As such, they forbid advertising nonexistent positions, disclosing personal information, charging additional fees or selling additional services, and charging a fee beforehand. Most of the regulations are thus comparable to those present in other private businesses and are dictated by common sense.

The current status of the employment agencies in the U.S., as well as throughout the rest of the world, is legal. They are thoroughly covered in the labor laws of the countries, and in the Conventions of International Labor Organization. The public, non-profit organizations, are run and regulated by the authorities and exist to guarantee low unemployment rates and the general welfare of the state. The private agencies are business companies that offer the same services for a fee.

The resources devoted to controlling their operations are minimal, so they are primarily monitored by complaints submitted by the clients in case the contract is breached, and occasional inspections, most often on demand. The agencies are generally viewed as contributing to the low unemployment rates and increasing the employees’ chances of finding a good job, and the complaints are rare. To conclude, the practice is firmly established in the labor legislature as well as in the system as a whole, and it can be safely assumed that the level of regulation is sufficient to ensure the proper functioning.

Works Cited

Adams v. Tanner. 244 U.S. 590. Supreme Court of the United States. 1917 . Justia , n.d. Web.

Employment Agencies Law & Legal Definition 2010. Web.

McKeon, Michael. The Secret History of Domesticity: Public, Private, and the Division of Knowledge , Baltimore, Maryland: JHU Press, 2009. Print.

Phipps, Paul. History of the Staffing Industry, Part I: Origins . 2013.

Sargent, Frank Byron. U.S. Bureau of labor Bulletin no. 109 . Washington, D.C.: Government Printing Office, 1912. Print.

United States Department of Labor. Wagner-Peyser Act of 1933, as amended by the Workforce Investment Act of 1998 .

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The 10 Best Websites to Find Academic Writing Jobs

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If you're a student looking for some extra dough, academic writing is one of the best ways to encash your skills. At the same time, it enhances your knowledge and helps you grow as a learner. In fact, it's not just for students; you can do it full-time if you are a professional writer.

Having the freedom to work from home, at your own pace, and having opportunities to grow are just a few perks of this job. So, if you are ready to delve deeper, let's look at ten great websites for finding academic writing jobs.

1. WritingCreek

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WritingCreek is one of the best academic writing sites to work with if you are a beginner. It has a simple and free-of-cost hiring process, which usually takes 24 to 48 hours to complete. Once the team approves your account, you can start bidding and earning straight away. It offers a rate of $4.00 per page to beginners and up to $12.00 to experts.

The site lets you choose the subjects you are proficient in and has a regular stream of academic tasks with short and long deadlines. WritingCreek gives you the liberty to choose your tasks and work at your own pace, and its support team is always available for a live chat whenever you need them.

It also helps you enhance your skills as its in-house editors give feedback on the papers accepted by the client, offering useful tips for improvement. WritingCreek usually pays twice a month through different payment methods like Payoneer and PayPal without deducting any extra charges. You can also check out these technical writing jobs if you have the expertise.

2. EssayShark

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You can get started on EssayShark within a week after taking and passing its test. If you are a college student and have solid writing skills, this platform can help you earn a decent amount to aid you in your studies. The site lets you bid on papers that fall under your subject area.

You can choose your preferred subjects in advance to get relevant tasks and can chat with the customers directly to discuss the details of the paper. EssayShark pays you twice a month, and along with the pay, it also offers bonuses and rewards if the customers give you good ratings because of your timely submissions and high-quality work.

3. Writers.ph

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Being among the top academic writing websites, this platform targets professional-level writers and researchers to work for them. It usually takes 24 to 48 hours to review your application, and once approved, you can start working immediately. The site gets projects from all around the world and has a constant flow of work. It also offers 24/7 support to help you with any issues that you might face.

In addition, Writers.ph offers job promotions based on your performance, leading to status improvement and increased pay rates. It also has proofreading, editing, and presentation-related tasks, along with academic paper writing. Also, check out these great smartphone apps for freelance writers .

4. LancerHop

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LancerHop provides you with multiple fields to work in. It hires academic writers, web developers, editing experts, web content writers, copywriters, editing experts, and bloggers. The hiring process is similar to that of other academic writing websites, where you need to create a profile, and after passing the test, you can start working.

It creates a dashboard where the system assigns you tasks. All of your information regarding payment, task completion, and editing is available on the dashboard. The platform allows you to set flexible timings for your work by choosing from different time zones and also flexible working days like weekdays only.

5. Academia Research

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Academia Research offers you decent pay rates and career growth opportunities in the academic writing field. The registration process requires a test to get selected. Once the team approves your account, you start at a General level, where the pay is $3.00 per page for high school and college level papers.

You can move on to Advanced, Premium, and First Class levels to get paid $2.00 per page for master's and Ph.D. level papers. The site has a variety of tasks with flexible deadlines related to different subjects and education levels. It pays you twice a month through the payment method of your choice.

6. Essay Service

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This platform provides you with an easy-to-use website with a mobile-friendly interface to let you access your account from anywhere. Moreover, it has an efficient system for competitive bidding that also offers a price negotiation facility.

Essay Service helps you build a career and a network, and you can share your professional portfolio with your clients and other contacts, helping you expand your customer base in the process. You also get a 24/7 online support system to guide you at each step.

You can withdraw money every 48 hours through Skrill or wire transfer. In addition, it lets you stay connected through SMS, email, and push notifications without needing to go online.

7. Writers Labs

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Writers Labs provides you with a variety of opportunities, including academic writing, article writing, and essay writing. Its pay rates are pretty decent, varying from $5.00 to $26.00 for one page, and it also offers a 2% to 4% bonus on high efficiency.

You get a list of tasks on the site and can choose from those tasks based on your preference and availability. In addition, its support team is there to guide you through the process to help you get started. Check out these ways to source clients as a freelance writer .

8. Write My Essay Online

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Write My Essay Online is a platform suitable for both academic writing beginners and experts. The website has a regular influx of tasks and helps you get assignments in the areas of your interest.

Registration on this website is free, much like on most sites on this list, and it has flexible work timing, allowing you to choose your projects as per your desire. Through bidding, you can decide your own rates and get paid twice a month.

9. Academic Minds

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Academic Minds provides numerous services to help you unleash your academic writing potential. You have the option of taking up multiple roles, like tutoring, marking work, writing essays and dissertations, and editing. The website is UK based and helps international students in excelling in their academic tasks.

You can start bidding once your account is completely set up, and there is a potential to earn as much as $4000.00 per month through dissertations and tutoring. You can also showcase your online writing portfolio on these free platforms .

10. WriterBay

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WriterBay provides you with projects and assignments in numerous fields. It has a free lifetime membership that offers a platform where you can get long-term work.

After registering with WriterBay, you can manage the workload at your own pace. In addition, it offers competitive pay and opportunities for personal growth. Most of its services are similar to those offered by other sites on this list.

Find Your Next Academic Job Through These Sites

Academic writing jobs provide a valuable opportunity for learning and growth. It is a huge field of work that allows you to earn and grow in your career.

Most of the websites shared above help you earn well and offer flexible timings for easier management. You can choose one or more of these sites to move forward while enjoying the rewards from the comfort of your home.

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Is it legal to use academic writing services, do your academic writers provide original work, what exactly can you help me with, is there a way to talk to my writer, why is academic writing so hard.

Academic writing is the main way of assessing students’ comprehension, critical thinking and analysis skills. This is why it is not supposed to be easy. However, in the current landscape, it is arguably a lot harder than it used to be just ten years ago. Students truly have a lot on their plates, and getting a trusted service for academic writing help is a necessity rather than a luxury. But still, finding a reputable academic writing company that would not scam you out of your money and private data can be a struggle. We recommend always reading through the terms and conditions before giving an online service your money. Sure, reading through dozens of pages of legalese is not fun, but it’s a sure way to safeguard your funds and, most importantly, your privacy. An easier way to determine the trustworthiness of a company is by looking at the payment methods they offer. Always look for a padlock character at the beginning of the address bar in your browser, as this tells you the website is safe. The payment methods also have to be recognizable and trustworthy. If all those conditions are met, you know that the research papers writing help service is safe and can be trusted. But if it raises any suspicions, run away immediately!

Reasons to choose us for your writing needs

There are plenty of academic writing services to choose from these days, and feeling confused when you have to settle for one is natural. The reality is you don't have to settle for one! You can test different services, compare their professional academic writers, support teams and other aspects and then return to the one you liked best. The thing is, though, we are pretty sure EssayPro will be the one you settle for, regardless of how many different services you try out. We have some of the most affordable prices, a huge pool of writers who all have been excessively tested and trained, round-the-clock support, and many features that other services charge for are free at EssayPro. We are always willing to listen to feedback and learn from it. This is why even if you had a disappointing experience with us, we will give you free, unlimited revisions or even a refund. Our policy has you, our client, in the center. Your satisfaction, privacy, safety and happiness are important to us, and it's in our best interest to do everything possible to support these claims. So, hurry up, place your first order today, and claim your discounts!

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Essay writing jobs

Don't miss out on the opportunity of a lifetime and make money writing online for the EssayService! Enjoy working alongside professionals accompanied by an excellent website with a mobile friendly interface so you can access it anytime, anywhere.

Benefits of working with EssayService

It is more than obvious that in today’s online marketplace there has been a substantial growth in the number of online writing services. The appearance of so many services over the past couple of years was instigated by the need of this service. Thus, in such a saturated market one often wonders how they can get paid to write papers for clients who want to buy essays .

So if you are looking to write and get paid instantly then you have come to the right place.

We understand that the educational system is not exactly perfect having multiple flaws in its execution and performance. It is from that memory of not having the support needed from institutions that we got together to help the future generation avoid such problems. We do not believe that we are the perfect company for everyone, nonetheless when exploring the web one can have his pick according to their personal preferences. Therefore, anyone applying for a paper writer job can choose to work at an establishment such as ours or try to do it all on their own. Either option has its unique advantages and disadvantages.

As some people have honed their entrepreneurial skills throughout their studies, they have chosen to make a personal essay writer website promoting their services as a freelancer. The biggest issue with being a freelancer revolves around not being well known amongst the online community for your excellent paper writing skills. Nonetheless, you get to keep 100% of the payment if you do manage to land an order. So why would someone choose to compromise making maximum profits by taking assignment writer jobs at companies? Essentially, working with us will allow you to select the online writing job orders that best fit your schedule and knowledge base. Having such a tool available will allow one to manage their time better while still generating a decent income without you having to waste your own time and money on a website that might not attract sufficient clients.

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The most appreciated advantage by most of our employees is writing papers for money from home or anywhere in the world, as long as the tasks you undertake are done up to par. Furthermore, you are your own boss as long as you stay on top of your schedule and receive positive reviews, the world is in the palm of your hands.

Features of our essay writing jobs

Here are some of the fantastic features that you will have access to when choosing to join our team of writers.

Efficient bid system

Take part in competitive bids on attractive orders when clients buy papers.

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Submit offers and negotiate your writing jobs directly with the customer.

24/7 online support

Stay in touch with the clientele, always provide drafts and alterations according to their instructions.

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Get your payments in 48 hours or less via Skrill or a direct bank wire transfer.

Make money writing online

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Build a network of contacts

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How to make money writing online

Ever wondered what it takes to be a successful writer? One can argue that to be truly proficient at your online writing job, a significant amount of practice and experience is required. No matter how you twist or turn it, the answer is quite evident. For one to become a professional educational writer there are many qualities that they must have, which will be listed and explained below. By making sure the employees meet these respective criteria, the clients then begin to rely on EssayService to handle their " write my essay " concerns. Thus, with this in mind, it becomes quite clear why we have chosen the following requirements as the cornerstones of our hiring process.

Do you have what it takes to work with EssayService?

Below are the 4 main criteria that we use to judge someone’s eligibility in working with us.

To guarantee the best possible outcome for all parties involved one must have mastered the English Language and all its integral elements.

It is advised to have gathered 2 to 3 years of prior experience working as a professional educational writer before applying to join the EssayService writing team. This will ensure that your overall end product will need minimal editing if any at all.

Our minimum requirements are that the educational writer possesses at least a BBA in their field of expertise. The more accreditations the author has, the easier it is to get orders.

It is crucial to be in contact with the customer regarding the progress of their work. Do not delay responding to their questions and queries, as this could have an adverse impact on their experience of our services. This is a vital part of undertaking our online writing jobs.

Get paid to write papers for people

We understand that every day there are more and more talented individuals obtaining higher accreditations, thus making them eligible to get one of our paper writer jobs. Nevertheless, despite the growing numbers in their quantity that does not always reflect an immediate direct growth in quality. With that in mind, we ask that those seeking to apply, be patient and go through all the necessary steps so that we may assess their writing skills and speed. Every individual that does so successfully starts to get paid to write papers for clients almost immediately. Initially, start off your application process by preparing a tidy professional resume highlighting your qualifications as an educational. It is recommended to include a brief explanation on why we should hire you. If we are interested, we will get in touch and start setting up the next stages of your assessment.

It is important to keep in mind that one of the upcoming tests is to determine your psychological health, the reasons for doing so are quite clear.

Don’t let this opportunity pass you by, simply write and get paid instantly for your hard work. In the off chance you are still confused or seek case-specific information regarding a particular step of the hiring process do not hesitate to contact our staff or simply check out our essay service reviews and FAQs .

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Agency and employment

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essay employment agency

One of the unfair employment practices by the American businesses is unjust pay. It is quite rare to find workers who believe that they are making too much money. Some of the American companies are found not providing their employees with fair wage standards. For instance, the retail Wal-Mart company have in many times being criticized for paying its worker’s unfair wages although it reaps enormous profits. Therefore, it is an unfair employment practice to have organizations making a lot of benefit without paying its employees wages that can commensurate their contribution to the companies. Another unfair employment practice of many businesses in America is under-appreciation. Many companies in the United States have been found to be not appreciating their employees for the extra effort they put in the activities of their companies. When the workers in a given organization feel that they are unappreciated at work, they start developing a bad attitude towards the company’s activities, and they become less motivated to participate in any operation of the organization (Noe, Hollenbeck, Gerhart, & Wright, 2003). It is  a fair practice for a team to show to its workers that it appreciate their contribution to the activities of the organization through giving rewards to those workers who put extra effort in attaining the goals and objectives of the company. It is unfair employment practice whereby the employers in business do not set standards that encourage work appreciation for the employee.

essay employment agency

Additionally, many businesses in the United States are found having an unfair employment practice of exercising favoritism in the organization.  There are many forms in which partiality in a given group is applied. First, favoritism is seen during the process of recruiting new staffs to the business. The members of the committee carrying out the recruitment process mostly select the best candidate for the job through favoritism. The selection poses a significant threat to the company’s staff since the incompetent individuals end up been recruited because they are liked by the recruiting members of the committee (Liu, 2016). Second, favoritism is practiced in most of the United States businesses whereby in a given working setting, an individual receives a special treatment when at work.  Some people even get undeserved promotion as a result of favoritism or also get a better work schedule. It should be noted that favoritism is unfair business practice by the employers since it is a destructive force to the morale of workers.

Additionally, lack of providing an opportunity for advancement is another unfair employment practice by the United States companies.  The discriminatory practice creates a ceiling to the career of employees in organizations. The United States organizations do not create the opportunity for workers to be promoted to advance positions after they have gained a lot of experience. A company should create many posts so that the employees may be moving up to occupy them after they have been promoted. The process greatly helps in preventing the employees from having a mind of running to other companies that provide the opportunity for advancement.  Another unfair employment practice is overworking the employees.  Most of the employees in the United States businesses complain of being overworked by the employment management. When workers become overworked, they lose the work morale hence they become unproductive in the business activities.

essay employment agency

Another unfair employment practice in many United States companies is lack of communication. The most significant issue with the relationship between workers and businesses is lack of adequate communication.  The problem starts typically when workers start avoiding speaking to their employers because they fear retribution. However, when the upper management in a given organization lacks practicing open communication to their employees, then it leads to a weak relationship between them and the workers.  It would be a fair employment practice when an organization adopts proper ways of communication as the workers would be ready to give their feedback to the management and contribute towards making of the company’s decisions.

Communication in corporations is an ongoing process, and it should not be viewed as a static event.  When the employees are kept on loop, they have high tolerance towards change. Furthermore, in the United States of America, many companies are seen exercising unfair employment practices by lacking to observe diversity. The issue of lack of diversity is a glaring problem in the modern companies, and it is most prevalent among the tech companies (Chrobot-Mason, & Aramovich, 2013).  When organizations miss out hiring people from different backgrounds, and they train only a homogenous team, they miss out a main strategic advantage. A group which is made up of team members who think and act alike then it stands at a higher risk of failing to attain its goals and objectives. Therefore, it is an unfair employment practice of lacking to consider diversity in the workplace.  Having a broader perspective and skill set of the diverse group made up of talented persons is a significant asset whenever the company is presented with an opportunity.

essay employment agency

  • Chrobot-Mason, D., & Aramovich, N. P. (2013). The psychological benefits of creating an affirming climate for workplace diversity. Group & Organization Management ,  38 ,6, 659-689.
  • Liu, Z. (2016, January). Determined by Myself or by My Group? Lay Theories of Agency and Favoritism in the Workplace. In Academy of Management Proceedings (2016,  1, 13049). Academy of Management.
  • Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2003).  Gaining a competitive advantage . Irwin: McGraw-Hill.
  • Business Ethics
  • Business Law
  • Career Path
  • Entrepreneurship
  • International Business

essay employment agency

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essay employment agency

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Essay on Employment

Students are often asked to write an essay on Employment in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Employment

Understanding employment.

Employment is when someone works for a company or for themselves, earning money to live. It’s a crucial part of our lives, helping us support ourselves and our families.

Types of Employment

Benefits of employment.

Employment has many benefits. It provides income, helps us learn new skills, and can give us a sense of accomplishment and purpose.

So, employment is essential for economic stability and personal growth. It’s a vital part of our society.

250 Words Essay on Employment

The concept of employment, the changing landscape of employment.

The employment landscape is in a constant state of evolution, influenced by technological advancements, globalization, and socio-political shifts. The rise of the gig economy, remote work, and automation are reshaping traditional employment paradigms, necessitating adaptability and lifelong learning.

The Impact of Employment on Society

Employment impacts society in many ways. It aids in poverty reduction, enhances social inclusion, and contributes to economic growth. Conversely, unemployment can lead to social unrest and economic instability. Thus, creating sustainable employment opportunities is a key policy objective for governments worldwide.

Challenges and Future Prospects

Despite its importance, the world faces significant employment challenges. Youth unemployment, gender disparities, and the threat of job obsolescence due to AI and robotics are pressing issues. It is imperative to develop robust strategies to ensure equitable access to quality jobs and foster an environment conducive to innovation and entrepreneurship.

In conclusion, employment is a multifaceted concept with profound societal implications. As we navigate the changing employment landscape, it is essential to foster a holistic understanding of employment and its impacts, and to proactively address the challenges it presents. The future of work will be determined by our ability to adapt, innovate, and maintain a human-centric approach in the face of technological change.

500 Words Essay on Employment

Introduction.

Employment is a fundamental aspect of human life, providing not only a means of livelihood but also a sense of purpose and identity. It is a multifaceted concept that goes beyond the simple exchange of labor for wages, encompassing factors such as job satisfaction, career progression, and work-life balance.

The Importance of Employment

The dynamics of employment.

The world of employment is dynamic and constantly evolving, shaped by factors such as technological advancements, economic trends, and societal changes. Technological innovation, for instance, has led to the emergence of new industries and job roles while rendering others obsolete. This necessitates lifelong learning and adaptability among workers to stay relevant in the job market.

The Challenges of Employment

Despite its importance, achieving full, productive, and freely chosen employment is a challenge faced by many. Unemployment and underemployment, characterized by inadequate work opportunities and low-quality jobs, remain persistent issues worldwide. These challenges are further exacerbated by discrimination and inequality in the labor market, which prevent certain groups from accessing decent work.

The Future of Employment

Looking ahead, the future of employment is likely to be shaped by several key trends. The ongoing digital revolution, for example, is expected to further transform the labor market, giving rise to new forms of work such as remote and gig work. Similarly, the growing focus on sustainability is likely to create job opportunities in green industries while potentially displacing jobs in more polluting sectors.

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Essays - National Security & Careers in Public Service

The essays on the Boren Awards application are critical to the selection process for Boren Scholars and Fellows. The Boren Awards application process does not have a semi-finalist or interview phase, so everything an applicant would want the selection committee to know should be stated clearly in the essays and other application materials.

Before beginning drafts of the essays, Boren Awards applicants are advised to review the official selection criteria . These include both program design criteria explained in greater detail on the Selecting an Eligible Study Program section of the website, as well as forming the basis for the essay prompts discussed below.

In addition to reviewing the guidance below, applicants can boost their chances of success by watching Boren Awards webinars relevant to their proposed programs and working with their Boren Awards campus representatives early and often throughout the application cycle.

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Essay 1 - National Security

The first essay on both the Boren Scholarships and Boren Fellowships applications has a maximum length of 800 words. The essay should be single-spaced, except where spaces are used to separate paragraphs (recommended). The prompt for the first essay is:

Explain the significance of your proposed country, region, and language to U.S. national security. The Boren Awards recognize a broad definition of national security, but you should make a specific, detailed, and focused argument specific to your academic interests and professional goals.

The Boren Awards give preference to geographic areas , languages , and fields of study deemed critical to U.S. national security. Applicants proposing study programs that meet those preferences are encouraged to focus their first essay on specific topic(s) related to their academic interests and professional goals. The relevance of those topics to the national security of the United States should be made clear throughout the first essay.

The Boren Awards employ a broad definition of national security that encompasses not only the traditional concepts of national defense , diplomacy , and intelligence matters, but also any topics addressing the challenges facing global society. These include, but are not limited to :

  • Economic development
  • Democracy and governance
  • Environmental sustainability
  • Food security
  • Public health and disease prevention
  • Cybersecurity
  • Trade and commerce
  • Financial regulation
  • Transportation
  • Telecommunications
  • Natural disaster response

The bottom line of the first essay is to argue why U.S. policymakers should be concerned with the national security implications of the issue(s) discussed. Applicants should not feel compelled to make their arguments on topics outside the scope of their academic study. The essay should be written for an educated, generalist audience, avoiding unnecessary subject-specific jargon. Applicants are encouraged to employ persuasive facts and figures in their essay, but these should be easily verifiable. Lengthy quotations, footnotes, or parenthetical citations are not recommended or necessary.

Applicants may extend the scope of their national security argument beyond the overseas location and language they are proposing to study. However, as stated in the prompt, the significance of that overseas location, region, and language to the subject(s) of the essay needs to be stated clearly.

Applicants need not discuss their career plans or research methodology in detail in the first essay, as these are addressed elsewhere in the application. The national security argument made in the first essay should nevertheless complement, not contradict, the career plan described in the second essay.

Essay 2 - Motivation & Public Service Careers

The second essay has a maximum length of 800 words for the Boren Scholarships application, and 1000 words for Boren Fellowships application. The essay should be single-spaced, except where spaces are used to separate paragraphs (recommended). The prompt for the second essay is:

Please discuss the following points in one integrated essay, giving equal attention to each point. You can discuss the points in any order.

  • Think about a previous experience that has led to growth or a personal quality. Reflect upon it and describe how it will assist you in preparing to spend significant time overseas studying a critical foreign language and culture [ + for Fellows : and, if applicable, conducting your proposed research].
  • Explain how the country and language you selected will help you achieve your career goals, including your plans to fulfill the federal service requirement. Be specific. If appropriate, you may also include relevant past academic, extracurricular, volunteer, internship, and professional experiences.
  • As you will be committing to working for the federal government for at least one year, describe what makes you interested in federal service and what you will bring as a leader in the federal workforce.

The purpose of the second essay is twofold: it is an opportunity for applicants to describe their preparation for long-term, immersive overseas study, and to convince selection panelists of their motivation for and commitment to careers in public service.

Applicants will be familiar with essays reflecting on how a previous experience has led to personal growth from applications for degree programs and other scholarships/fellowships. When selecting an experience to highlight in the second essay of the Boren Awards application, applicants should seek to demonstrate their adaptability, resilience, and/or maturity. Although no prior international experience is required for the Boren Awards, the essay should assure selection panelists that the applicant is prepared for the challenges inherent to long-term study and life in a foreign context.

Preference in selection for the Boren Awards will be given to applicants who demonstrate a longer-term commitment to government service than the one-year federal service requirement. It is therefore critical that Boren Awards applicants research career opportunities relevant to their academic interests in the federal government to inform their second essay.

Successful applicants make the case that they are qualified for federal employment with national security responsibilities by relating their relevant professional, academic, extracurricular, and volunteer experience to the duties required in their proposed federal career track. They also show that they understand the hiring processes and necessary qualifications for those positions; i.e. they should explain the short-, medium-, and long-term steps they will take to achieve their professional goals.

It is normal and acceptable for Boren Awards alumni to pursue advanced degrees necessary to their federal career plans prior to fulfilling the one-year federal service requirement. Internships, contract work, and volunteering during the pursuit of those degrees may receive full or partial service credit. Program alumni -- Boren Fellows in particular -- who are interested in pursuing careers in academia should explain how federal government service is integral to their long-term career plans. They should also research the myriad opportunities with federal agencies that require master’s or doctoral degrees, especially with the Department of Defense, Department of State, USAID, and the Intelligence Community. Many analyst, researcher, and instructor positions with the federal government are analogous to similar positions in academia.

ROTC cadets and midshipmen are already on track for federal careers, and will fulfill their commitment to the military and their Boren Awards service requirement concurrently. ROTC applicants for the Boren Scholarships should explain in clear, non-military-specific language how they intend to progress through their careers as officers and any subsequent federal careers they wish to seek. They should emphasize the opportunities they will have to make use of their knowledge of foreign languages and cultures acquired through their Boren Awards grant.

Veterans of the U.S. armed forces have demonstrated a strong commitment to public service and have a unique perspective on national security issues. They are encouraged to apply for Boren Awards, and selection preference will be given to veterans when other factors are equivalent.

Researching Federal Careers

Research on federal careers is critical to a competitive Boren Awards application. Departments and agencies of the federal government have websites devoted to promoting career opportunities to prospective applicants. These resources are written for the layperson and can provide Boren Awards applicants with much of the information they need for the second essay. The data below (derived from the latest NSEP annual report ) show the entities of the U.S. government where over 4,000 alumni of the National Security Education Program have fulfilled their required federal service. These include positions with the executive, legislative, and judicial branches of government. Links to several of the careers pages of these agencies are embedded in the list below. Additional information on these careers and specific U.S. government programs and initiatives can be found through reputable media outlets and targeted web searches.

When discussing career plans in the second essay, a few additional considerations will help applicants convince selection panelists of their commitment to federal service:

  • Focus on Priority Agencies: Any position with the four priority agencies -- the Department of Defense (civilian or military), the Department of Homeland Security, the Department of State (including USAID), or any element of the Intelligence Community -- will fulfill the Boren Awards service requirement. Other positions with the federal government may fulfill the federal service requirement, but must be approved on a case-by-case basis. Therefore, a career plan that includes consideration of the priority agencies will help to demonstrate the seriousness of an applicant’s commitment to public service.
  • Consider the Odds: Many of the agencies listed below are quite small and specialized, and job openings there are seldom and highly competitive. Larger agencies will post more entry-level positions more often, and are therefore more realistic options to begin a career in public service. Applicants with highly-specialized career ambitions should consider how they may enter federal service, gain a security clearance, and build the experience necessary to achieve those goals.
  • Location Matters: Boren Awards alumni work at locations around the United States and around the world. Many positions are based in one location, but some require frequent travel or even extended overseas postings/deployments. Although alumni may always redirect their career search later, applicants should consider whether they are willing and able to relocate as part of their career. The Washington, DC metro area will have the greatest range of possible employers. Applicants interested in staying near home should research the positions that exist in their local area. The Department of Defense, with its network of military installations, and the Department of Homeland Security, present at every border, airport, and seaport, will offer the greatest range of locations.
  • Student Opportunities Count Too: When searching for post-graduate career opportunities, applicants should also check agency websites for professional fellowship and internship opportunities that they can pursue while still in school. (See for example this list of internship opportunities with the U.S. Intelligence Community .) Internships with federal agencies conducted after the period of Boren funded study may receive credit toward fulfillment of the service requirement. Many agencies also have programs that can pay for graduate degrees and provide follow-on employment opportunities.

Agency

Office

Total by Office

Total by Agency

 

123

 

2

 

5

 

2

 

5

 

46

 

Agricultural Marketing Service

3

 
 

Agriculture Research Service

4

 
 

Economic Research Service

1

 
 

Food Safety and Inspection Service

2

 
 

11

 
 

14

 
 

Natural Resources and Conservation Service

1

 
 

Other: Department of Agriculture

10

 

 

161

 

Bureau of Economic Analysis

6

 
 

Bureau of Industry and Security

5

 
 

105

 
 

15

 
 

Other: Department of Commerce

30

 

(incl. )

 

1576

 

Combatant Commands

63

 
 

Defense Information Systems Agency

6

 
 

179

 
 

145

 
 

Defense Language Institute

21

 
 

90

 
 

249

 
 

211

 
 

96

 
 

32

 
 

58

 
 

66

 
 

Other: Department of Defense incl. Contractors

360

 

 

9

 

68

 

DOE National Laboratories

29

 
 

Energy Information Administration

2

 
 

Office of the General Counsel

2

 
 

National Nuclear Security Administration

13

 
 

Office of Environmental Management

2

 
 

Office of Intelligence and Counterintelligence

4

 
 

Other: Department of Energy

16

 

 

94

 

47

 
 

Centers for Medicare and Medicaid Services

10

 
 

3

 
 

Indian Health Service

2

 
 

National Institutes of Health

12

 
 

Office of Global Affairs

1

 
 

Other: Department of Human Services

19

 

 

571

 

57

 
 

88

 
 

Office of Intelligence and Analysis

13

 
 

Office of Strategy, Policy, and Plans

45

 
 

National Protection and Programs Directorate

11

 
 

U.S. Secret Service

2

 
 

27

 
 

U.S. Coast Guard

2

 
 

252

 
 

Other: Department of Homeland Security

74

 

Department of Housing and Urban Development

 

7

 

22

 

73

 

Civil Rights Division

4

 
 

Drug Enforcement Agency

8

 
 

Environmental and Natural Resources Division

2

 
 

Executive Office for Immigration Review

6

 
 

National Security Division

2

 
 

U.S. Attorneys

4

 
 

Other: Department of Justice

47

 

 

17

 

International Labor Affairs Bureau

7

 
 

Occupational Safety and Health Administration

2

 
 

Other: Department of Labor

8

 

 

1152

 

Bureau of Administration

19

 

 

Bureau of African Affairs

7

 
 

Bureau of Conflict and Stabilization Operations

17

 
 

93

 
 

Bureau of Democracy, Human Rights, and Labor

31

 
 

Bureau of Diplomatic Security

20

 
 

35

 
 

73

 
 

Bureau of European and Eurasian Affairs

24

 
 

Bureau of Information Resource Management

8

 
 

38

 
 

Bureau of International Information Programs

16

 
 

Bureau for International Narcotics and Law Enforcement Affairs

14

 
 

Bureau of International Security and Nonproliferation

15

 
 

46

 
 

Bureau of Oceans and International Environmental and Scientific Affairs

11

 
 

Bureau of Political-Military Affairs

14

 
 

Bureau of Population, Refugees, and Migration

19

 
 

Bureau of Public Affairs

7

 
 

Bureau of South and Central Asian Affairs

15

 
 

Bureau of Western Hemisphere Affairs

21

 
 

337

 
 

Bureau of Economic and Business Affairs

8

 
 

Foreign Service Institute

55

 
 

Other: State Department

209

 

 

12

 

64

 

Internal Revenue Service

8

 
 

Office of Financial Research

2

 
 

Office of International Affairs

10

 
 

Office of the Comptroller of the Currency

1

 
 

Office of Terrorism and Financial Intelligence

32

 
 

Other: Department of Treasury

11

 

 

61

 

32

 

24

 

Office of Management and Budget

7

 
 

National Security Council

2

 
 

Office of the First Lady

1

 
 

Office of the U.S. Trade Representative

8

 
 

Other: Executive Office

6

 

 

69

 

2

 

42

 

15

 

4

(Contractor and Unspecified)

 

99

 

1

 

11

 

28

 

7

 

8

Overseas Private Investment Corporation

 

7

   

82

 

2

 

7

 

12

 

8

 

4

 

3

 

12

 

381

U.S. Congress

   

91

 

4

 
 

40

 
 

46

 

 

6

U.S. International Trade Commission

 

4

U.S. Postal Service

 

3

 

6

TOTAL (some rows omitted above)

 

5,037

Job Search Support for Boren Award Recipients

Since 1994, thousands of undergraduate and graduate students have been awarded Boren Scholarships and Fellowships that have launched their careers into the federal workforce. Boren Scholars and Fellows have highly sought-after linguistic and cultural knowledge, as well as subject-matter knowledge, enhanced by their experience overseas. The Boren Awards selection criteria emphasize the importance of commitment to public service because it is ultimately the responsibility of the NSEP award recipient to secure federal employment .

The Boren Awards, an initiative of the National Security Education Program (NSEP) , is invested in the professional success of its award recipients. Boren Scholars and Fellows receive numerous advantages in their federal job search, including:

  • NSEP Service Team Support: NSEP has staff members (all former Borens) dedicated to assisting award recipients in identifying and securing national security-related positions in the federal government that take advantage of their linguistic and cultural knowledge, specialized experience, and academic credentials. This support includes resume reviews, career fairs, a mentorship program, and advocacy on behalf of Boren award recipients to human resources and hiring officials at U.S. government agencies.
  • Government Job Listings: Boren award recipients gain access to NSEPnet, a special jobs site that includes hundreds of exclusive listings and featured positions in federal government agencies.
  • Non-Competitive Eligibility: Until they fulfill the federal service requirement in full, Boren award recipients are eligible for non-competitive appointments to many federal positions. This allows Boren award recipients to circumvent the standard government hiring process.
  • Federal Employment Seminar: NSEP hosts an annual Federal Employment Seminar for returned Boren award recipients. Over two days in Washington, DC, award recipients receive training on the federal hiring process and network with senior officials from dozens of federal agencies and contractors.
  • Alumni Networking: NSEP does not endorse or sanction the activities of non-Federal organizations. Former award recipients have joined the Boren Forum which is an NSEP alumni association. The Boren Forum connects alumni worldwide through online forums and hosts career fairs, lectures, and networking events in the Washington, DC area.

Study Plan Summary

All Boren Awards-funded programs must include language study as a core element for the duration of the grant . More information on preferred languages and program structure may be found on the Selecting an Eligible Study Program section of the website.

All Boren Awards applicants will have a maximum of 250 words for each segment of their proposed overseas program, as well as alternate-overseas location programs to respond to the following prompts:

Boren Scholars: Describe the basic structure of your proposed Boren-funded program, with particular focus on language acquisition.

Boren Scholarships applicants should use this space to describe their plans for curricular and extracurricular language immersion, including hours per week of formal instruction.

Boren Fellows: Describe the basic structure of your proposed Boren-funded study, with particular focus on language acquisition.

Boren Fellowships applicants in traditional language programs should also describe curricular and extracurricular immersion. Program segments that involve language immersion as part of research, internships, or academic study should characterize how the language will be used, and whether supplemental language courses or tutoring will take place concurrently.

Employment History & Activities 

Applicants for all awards are encouraged to use the sections of the application on Employment History and Activities to list experiences in their past that have some relevance to their future academic or professional plans. In both of these sections, applicants will have the opportunity to list up to three jobs they have held and up to three extracurricular, non-work activities they have participated in, e.g. volunteer work, sports, clubs, conferences, etc. For each listed job or activity, applicants should describe in 50 to 100 words to describe the elements of it that reinforce the plans detailed in Essay # 2.

Abstract & Methodology  ( Boren Fellows Only)

Boren Fellowships are designed to give graduate students flexibility to pursue academic goals, including research related to their degrees, while abroad. The required language elements are described elsewhere, in the study plan summary section .

Only if they elect to include research as an element of their program proposals , Boren Fellowships applicants are encouraged to describe their research and its methodology in greater detail. These boxes are optional , but important to verifying the feasibility of the overseas study plan.

At the beginning of the essays section of the Boren Fellowships application, three boxes that they may use to describe their research:

  • Research Abstract (300 words maximum)
  • Research Methodology (300 words maximum) -- applicants should use this space to describe the institutional affiliations and/or official authorizations that will permit them to conduct their research

This section allows applicants to describe their research in more detail than is required in the first essay on national security or the second essay on public service . Information listed in this section of the application should complement, not contradict, those essays.

Letters of Recommendation

Letters of recommendation are an important element of Boren Awards applications. A well-selected recommender who understands an applicant’s proposed program can reassure selection panelists of their motivation, sincerity, and work ethic.

There are two types of letters of recommendation:

Language Proficiency Evaluation

This optional evaluation is part of the online application. It may be completed by a language instructor who can assess your level in the language you have chosen to study during your Boren-funded program. If you have not yet begun to study the proposed language, your application should not include the language proficiency form. The language professor should assess your language level based the LinguaFolio® Self-Assessment guide and will comment on:

  • Interpretive Listening
  • Interpretive Reading
  • Interpersonal Person-to-Person Communication
  • Presentations - Spoken Production
  • Presentations - Written Production

Applications for the Boren Scholarships require two standard letters of recommendation. (A third letter of recommendation is optional.)

Applications for the Boren Fellowships require three standard letters of recommendation. If a proposing a research component to their overseas study, at least one letter of recommendation should be from a research advisor at their U.S. institution.

Recommenders should be people who know you well -- this is far more important than their rank within their university/organization. Recommenders may be academic contacts who can speak to your academic, linguistic, and personal preparation for your overseas study or future career, or professional contacts from a job or internship relevant to your future career plans. They should not be family or friends.

Here are a few additional tips to securing the strongest possible recommendations:

  • Give the person adequate time to complete the letter. Recommenders who do not have ample time may neglect valuable details when writing the letter.
  • Explain what the Boren Awards are and why you have decided to apply.
  • Visit potential recommenders during office hours to discuss the award.
  • Provide a resume or short biography along with drafts of your application essays.
  • Send a friendly reminder about the competition to recommenders, if necessary, in order to ensure that letters are completed on time.

Recommendations must be submitted via the online application system. Recommenders are given the following prompts:

  • How long and in what capacity have you known the applicant?
  • Please comment on the applicant’s academic, linguistic, and personal preparation for the study abroad program, especially as they relate to Boren Scholarships  /  Boren Fellowships * objectives. If possible, comment on the applicant’s understanding of the relationship between his or her study abroad program and U.S. national security, broadly defined, as well as his or her career interests.
  • Please add anything else that you think is relevant for the reviewers to know.

*The second prompt includes an additional line for  Boren Fellowships  applicants: "Please comment on the feasibility of the applicant's ability to carry out the plan in the allotted time."

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Overview and key findings

Tracking cop28 progress.

  • United States
  • Latin America and the Caribbean
  • European Union
  • Middle East
  • Japan and Korea
  • Southeast Asia

Cite report

IEA (2024), World Energy Investment 2024 , IEA, Paris https://www.iea.org/reports/world-energy-investment-2024, Licence: CC BY 4.0

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The world now invests almost twice as much in clean energy as it does in fossil fuels…, global investment in clean energy and fossil fuels, 2015-2024, …but there are major imbalances in investment, and emerging market and developing economies (emde) outside china account for only around 15% of global clean energy spending, annual investment in clean energy by selected country and region, 2019 and 2024, investment in solar pv now surpasses all other generation technologies combined, global annual investment in solar pv and other generation technologies, 2021-2024, the integration of renewables and upgrades to existing infrastructure have sparked a recovery in spending on grids and storage, investment in power grids and storage by region 2017-2024, rising investments in clean energy push overall energy investment above usd 3 trillion for the first time.

Global energy investment is set to exceed USD 3 trillion for the first time in 2024, with USD 2 trillion going to clean energy technologies and infrastructure. Investment in clean energy has accelerated since 2020, and spending on renewable power, grids and storage is now higher than total spending on oil, gas, and coal.

As the era of cheap borrowing comes to an end, certain kinds of investment are being held back by higher financing costs. However, the impact on project economics has been partially offset by easing supply chain pressures and falling prices. Solar panel costs have decreased by 30% over the last two years, and prices for minerals and metals crucial for energy transitions have also sharply dropped, especially the metals required for batteries.

The annual World Energy Investment report has consistently warned of energy investment flow imbalances, particularly insufficient clean energy investments in EMDE outside China. There are tentative signs of a pick-up in these investments: in our assessment, clean energy investments are set to approach USD 320 billion in 2024, up by more 50% since 2020. This is similar to the growth seen in advanced economies (+50%), although trailing China (+75%). The gains primarily come from higher investments in renewable power, now representing half of all power sector investments in these economies. Progress in India, Brazil, parts of Southeast Asia and Africa reflects new policy initiatives, well-managed public tenders, and improved grid infrastructure. Africa’s clean energy investments in 2024, at over USD 40 billion, are nearly double those in 2020.

Yet much more needs to be done. In most cases, this growth comes from a very low base and many of the least-developed economies are being left behind (several face acute problems servicing high levels of debt). In 2024, the share of global clean energy investment in EMDE outside China is expected to remain around 15% of the total. Both in terms of volume and share, this is far below the amounts that are required to ensure full access to modern energy and to meet rising energy demand in a sustainable way.

Power sector investment in solar photovoltaic (PV) technology is projected to exceed USD 500 billion in 2024, surpassing all other generation sources combined. Though growth may moderate slightly in 2024 due to falling PV module prices, solar remains central to the power sector’s transformation. In 2023, each dollar invested in wind and solar PV yielded 2.5 times more energy output than a dollar spent on the same technologies a decade prior.

In 2015, the ratio of clean power to unabated fossil fuel power investments was roughly 2:1. In 2024, this ratio is set to reach 10:1. The rise in solar and wind deployment has driven wholesale prices down in some countries, occasionally below zero, particularly during peak periods of wind and solar generation. This lowers the potential for spot market earnings for producers and highlights the need for complementary investments in flexibility and storage capacity.

Investments in nuclear power are expected to pick up in 2024, with its share (9%) in clean power investments rising after two consecutive years of decline. Total investment in nuclear is projected to reach USD 80 billion in 2024, nearly double the 2018 level, which was the lowest point in a decade.

Grids have become a bottleneck for energy transitions, but investment is rising. After stagnating around USD 300 billion per year since 2015, spending is expected to hit USD 400 billion in 2024, driven by new policies and funding in Europe, the United States, China, and parts of Latin America. Advanced economies and China account for 80% of global grid spending. Investment in Latin America has almost doubled since 2021, notably in Colombia, Chile, and Brazil, where spending doubled in 2023 alone. However, investment remains worryingly low elsewhere.

Investments in battery storage are ramping up and are set to exceed USD 50 billion in 2024. But spending is highly concentrated. In 2023, for every dollar invested in battery storage in advanced economies and China, only one cent was invested in other EMDE.

Investment in energy efficiency and electrification in buildings and industry has been quite resilient, despite the economic headwinds. But most of the dynamism in the end-use sectors is coming from transport, where investment is set to reach new highs in 2024 (+8% compared to 2023), driven by strong electric vehicle (EV) sales.

The rise in clean energy spending is underpinned by emissions reduction goals, technological gains, energy security imperatives (particularly in the European Union), and an additional strategic element: major economies are deploying new industrial strategies to spur clean energy manufacturing and establish stronger market positions. Such policies can bring local benefits, although gaining a cost-competitive foothold in sectors with ample global capacity like solar PV can be challenging. Policy makers need to balance the costs and benefits of these programmes so that they increase the resilience of clean energy supply chains while maintaining gains from trade.

In the United States, investment in clean energy increases to an estimated more than USD 300 billion in 2024, 1.6 times the 2020 level and well ahead of the amount invested in fossil fuels. The European Union spends USD 370 billion on clean energy today, while China is set to spend almost USD 680 billion in 2024, supported by its large domestic market and rapid growth in the so-called “new three” industries: solar cells, lithium battery production and EV manufacturing.

Overall upstream oil and gas investment in 2024 is set to return to 2017 levels, but companies in the Middle East and Asia now account for a much larger share of the total

Change in upstream oil and gas investment by company type, 2017-2024, newly approved lng projects, led by the united states and qatar, bring a new wave of investment that could boost global lng export capacity by 50%, investment and cumulative capacity in lng liquefaction, 2015-2028, investment in fuel supply remains largely dominated by fossil fuels, although interest in low-emissions fuels is growing fast from a low base.

Upstream oil and gas investment is expected to increase by 7% in 2024 to reach USD 570 billion, following a 9% rise in 2023. This is being led by Middle East and Asian NOCs, which have increased their investments in oil and gas by over 50% since 2017, and which account for almost the entire rise in spending for 2023-2024.

Lower cost inflation means that the headline rise in spending results in an even larger rise in activity, by approximately 25% compared with 2022. Existing fields account for around 40% total oil and gas upstream investment, while another 33% goes to new fields and exploration. The remainder goes to tight oil and shale gas.

Most of the huge influx of cashflows to the oil and gas industry in 2022-2023 was either returned to shareholders, used to buy back shares or to pay down debt; these uses exceeded capital expenditure again in 2023. A surge in profits has also spurred a wave of mergers and acquisitions (M&A), especially among US shale companies, which represented 75% of M&A activity in 2023. Clean energy spending by oil and gas companies grew to around USD 30 billion in 2023 (of which just USD 1.5 billion was by NOCs), but this represents less than 4% of global capital investment on clean energy.

A significant wave of new investment is expected in LNG in the coming years as new liquefaction plants are built, primarily in the United States and Qatar. The concentration of projects looking to start operation in the second half of this decade could increase competition and raise costs for the limited number of specialised contractors in this area. For the moment, the prospect of ample gas supplies has not triggered a major reaction further down the value chain. The amount of new gas-fired power capacity being approved and coming online remains stable at around 50-60 GW per year.

Investment in coal has been rising steadily in recent years, and more than 50 GW of unabated coal-fired power generation was approved in 2023, the most since 2015, and almost all of this was in China.

Investment in low-emissions fuels is only 1.4% of the amount spent on fossil fuels (compared to about 0.5% a decade ago). There are some fast-growing areas. Investments in hydrogen electrolysers have risen to around USD 3 billion per year, although they remain constrained by uncertainty about demand and a lack of reliable offtakers. Investments in sustainable aviation fuels have reached USD 1 billion, while USD 800 million is going to direct air capture projects (a 140% increase from 2023). Some 20 commercial-scale carbon capture utilisation and storage (CCUS) projects in seven countries reached final investment decision (FID) in 2023; according to company announcements, another 110 capture facilities, transport and storage projects could do the same in 2024.

Energy investment decisions are primarily driven and financed by the private sector, but governments have essential direct and indirect roles in shaping capital flows

Sources of investment in the energy sector, average 2018-2023, sources of finance in the energy sector, average 2018-2023, households are emerging as important actors for consumer-facing clean energy investments, highlighting the importance of affordability and access to capital, change in energy investment volume by region and fuel category, 2016 versus 2023, market sentiment around sustainable finance is down from the high point in 2021, with lower levels of sustainable debt issuances and inflows into sustainable funds, sustainable debt issuances, 2020-2023, sustainable fund launches, 2020-2023, energy transitions are reshaping how energy investment decisions are made, and by whom.

This year’s World Energy Investment report contains new analysis on sources of investments and sources of finance, making a clear distinction between those making investment decisions (governments, often via state-owned enterprises (SOEs), private firms and households) and the institutions providing the capital (the public sector, commercial lenders, and development finance institutions) to finance these investments.

Overall, most investments in the energy sector are made by corporates, with firms accounting for the largest share of investments in both the fossil fuel and clean energy sectors. However, there are significant country-by-country variations: half of all energy investments in EMDE are made by governments or SOEs, compared with just 15% in advanced economies. Investments by state-owned enterprises come mainly from national oil companies, notably in the Middle East and Asia where they have risen substantially in recent years, and among some state-owned utilities. The financial sustainability, investment strategies and the ability for SOEs to attract private capital therefore become a central issue for secure and affordable transitions.

The share of total energy investments made or decided by private households (if not necessarily financed by them directly) has doubled from 9% in 2015 to 18% today, thanks to the combined growth in rooftop solar installations, investments in buildings efficiency and electric vehicle purchases. For the moment, these investments are mainly made by wealthier households – and well-designed policies are essential to making clean energy technologies more accessible to all . A comparison shows that households have contributed to more than 40% of the increase in investment in clean energy spending since 2016 – by far the largest share. It was particularly pronounced in advanced economies, where, because of strong policy support, households accounted for nearly 60% of the growth in energy investments.

Three quarters of global energy investments today are funded from private and commercial sources, and around 25% from public finance, and just 1% from national and international development finance institutions (DFIs).

Other financing options for energy transition have faced challenges and are focused on advanced economies. In 2023, sustainable debt issuances exceeded USD 1 trillion for the third consecutive year, but were still 25% below their 2021 peak, as rising coupon rates dampened issuers’ borrowing appetite. Market sentiment for sustainable finance is wavering, with flows to ESG funds decreasing in 2023, due to potential higher returns elsewhere and credibility concerns. Transition finance is emerging to mobilise capital for high-emitting sectors, but greater harmonisation and credible standards are required for these instruments to reach scale.

A secure and affordable transitioning away from fossil fuels requires a major rebalancing of investments

Investment change in 2023-2024, and additional average annual change in investment in the net zero scenario, 2023-2030, a doubling of investments to triple renewables capacity and a tripling of spending to double efficiency: a steep hill needs climbing to keep 1.5°c within reach, investments in renewables, grids and battery storage in the net zero emissions by 2050 scenario, historical versus 2030, investments in end-use sectors in the net zero emissions by 2050 scenario, historical versus 2030, meeting cop28 goals requires a doubling of clean energy investment by 2030 worldwide, and a quadrupling in emde outside china, investments in renewables, grids, batteries and end use in the net zero emissions by 2050 scenario, 2024 and 2030, mobilising additional, affordable financing is the key to a safer and more sustainable future, breakdown of dfi financing by instrument, currency, technology and region, average 2019-2022, much greater efforts are needed to get on track to meet energy & climate goals, including those agreed at cop28.

Today’s investment trends are not aligned with the levels necessary for the world to have a chance of limiting global warming to 1.5°C above pre-industrial levels and to achieve the interim goals agreed at COP28. The current momentum behind renewable power is impressive, and if the current spending trend continues, it would cover approximately two-thirds of the total investment needed to triple renewable capacity by 2030. But an extra USD 500 billion per year is required in the IEA’s Net Zero Emissions by 2050 Scenario (NZE Scenario) to fill the gap completely (including spending for grids and battery storage). This equates to a doubling of current annual spending on renewable power generation, grids, and storage in 2030, in order to triple renewable capacity.

The goal of doubling the pace of energy efficiency improvement requires an even greater additional effort. While investment in the electrification of transport is relatively strong and brings important efficiency gains, investment in other efficiency measures – notably building retrofits – is well below where it needs to be: efficiency investments in buildings fell in 2023 and are expected to decline further in 2024. A tripling in the current annual rate of spending on efficiency and electrification – to about USD 1.9 trillion in 2030 – is needed to double the rate of energy efficiency improvements.

Anticipated oil and gas investment in 2024 is broadly in line with the level of investment required in 2030 in the Stated Policies Scenario, a scenario which sees oil and natural gas demand levelling off before 2030. However, global spare oil production capacity is already close to 6 million barrels per day (excluding Iran and Russia) and there is a shift expected in the coming years towards a buyers’ market for LNG. Against this backdrop, the risk of over-investment would be strong if the world moves swiftly to meet the net zero pledges and climate goals in the Announced Pledges Scenario (APS) and the NZE Scenario.

The NZE Scenario sees a major rebalancing of investments in fuel supply, away from fossil fuels and towards low-emissions fuels, such as bioenergy and low-emissions hydrogen, as well as CCUS. Achieving net zero emissions globally by 2050 would mean annual investment in oil, gas, and coal falls by more than half, from just over USD 1 trillion in 2024 to below USD 450 billion per year in 2030, while spending on low-emissions fuels increases tenfold, to about USD 200 billion in 2030 from just under USD 20 billion today.

The required increase in clean energy investments in the NZE Scenario is particularly steep in many emerging and developing economies. The cost of capital remains one of the largest barriers to investment in clean energy projects and infrastructure in many EMDE, with financing costs at least twice as high as in advanced economies as well as China. Macroeconomic and country-specific factors are the major contributors to the high cost of capital for clean energy projects, but so, too, are risks specific to the energy sector. Alongside actions by national policy makers, enhanced support from DFIs can play a major role in lowering financing costs and bringing in much larger volumes of private capital.

Targeted concessional support is particularly important for the least-developed countries that will otherwise struggle to access adequate capital. Our analysis shows cumulative financing for energy projects by DFIs was USD 470 billion between 2013 and 2021, with China-based DFIs accounting for slightly over half of the total. There was a significant reduction in financing for fossil fuel projects over this period, largely because of reduced Chinese support. However, this was not accompanied by a surge in support for clean energy projects. DFI support was provided almost exclusively (more than 90%) as debt (not all concessional) with only about 3% reported as equity financing and about 6% as grants. This debt was provided in hard currency or in the currency of donors, with almost no local-currency financing being reported.

The lack of local-currency lending pushes up borrowing costs and in many cases is the primary reason behind the much higher cost of capital in EMDE compared to advanced economies. High hedging costs often make this financing unaffordable to many of the least-developed countries and raises questions of debt sustainability. More attention is needed from DFIs to focus interventions on project de-risking that can mobilise much higher multiples of private capital.

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