Investment in clean-energy technology and infrastructure is projected to reach $2 trillion this year, nearly doubling the amount spent on fossil fuels. Europe is expected to surpass the US in clean energy investment, but their combined funding will still fall short of China's investment. Global Climate Funds have seen a significant increase in assets under management since 2019, with clean energy investment set to outpace fossil fuel investment by a large margin. China accounts for a substantial portion of global clean energy spending, with a significant focus on solar photovoltaic capacity expansion.
“China [accounts] for about one-third of total global clean energy spending, adding as much solar photovoltaic capacity in 2023 as the rest of the world in 2022 combined.” @FT @IEA https://t.co/SJLcxr94Qo
IEA: Global investment in renewables including electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps will clock in at $2 trillion in the current year. https://t.co/P3tTD8tOio
Global Climate Funds have seen AUM 10X since 2019 Investment in clean energy this year is set to be twice the amount going to fossil fuels
Investment in clean energy technologies will climb to $2 trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency. https://t.co/ia7NBJvE8L
Investment in clean energy technologies will climb to $2 trillion this year, almost double the amount spent on fossil fuels. https://t.co/sPC66bFRyk
Europe will surpass the US in clean energy investment this year, according to the IEA. But their funding combined will barely match China's https://t.co/ovqHNde5O3
Investment in clean-energy technology and infrastructure is set to hit $2 trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency https://t.co/LcqBOisrrT