The world is now investing twice as much in clean energy as in fossil fuels
According to the International Energy Agency, the world now invests almost twice as much in clean energy as it does in fossil fuels. Investment in solar PV now surpasses all other generation technologies combined. However, 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. Meeting the COP28 goals will require a doubling of clean energy investment by 2030 worldwide, and a quadrupling in EMDE outside China. They conclude that mobilizing additional, affordable financing is the key to a safer and more sustainable future.
A contribution from the Reevaluation Counseling Community