Clean Energy Investment Extends Its Lead over Fossil Fuels, Boosted by Energy Security Strength
May 29, 2023 -- About USD 2.8 trillion is set to be invested globally in energy in 2023, of which more than USD 1.7 trillion is expected to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps – according to the IEA’s latest World Energy Investment report. The remainder, slightly more than USD 1 trillion, is going to coal, gas and oil.
Annual clean energy investment is expected to rise by 24% between 2021 and 2023, driven by renewables and electric vehicles, compared with a 15% rise in fossil fuel investment over the same period. But more than 90% of this increase comes from advanced economies and China, presenting a serious risk of new dividing lines in global energy if clean energy transitions don’t pick up elsewhere.
Read the full story here
Source: International Energy Agency
--------------------------------------------
Upcoming conferences organized by SGO:
8th Grid Modernization Forum, June 13-14, 2023 | Washington, D. C.
3rd EV Charging Infrastructure Summit - North America, July 11-12, 2023 | Chicago
17th Microgrid Global innovation Forum - EMEA, September 26-27, 2023 | London
2nd V2G Business, Policy and Technology Forum, October 17-19, 2023 | Detroit
-
Most popular related searches
Customer comments
No comments were found for Clean Energy Investment Extends Its Lead over Fossil Fuels, Boosted by Energy Security Strength. Be the first to comment!