Clean Energy Investment Surpasses Oil as Solar Takes the Lead.

Investment in solar power is expected to surpass that in oil for the first time this year, as clean energy spending outpaces that for fossil fuels. However, the International Energy Agency warns that investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions by 2050. The IEA expects investment in solar power to hit $380bn this year, while investment in oil exploration and extraction should come in at $370bn. Clean energy investment is concentrated in advanced nations and China, while the biggest increases in fossil fuel investment are in Middle Eastern nations.