Solar Power Surpasses Oil in Investment for the First Time.

Investment in solar power surpassed that in oil for the first time last year, according to the International Energy Agency. However, investment in fossil fuels is still double the maximum amount allowed to meet emissions reduction pledges. The gap between funding for clean energy and fossil fuels continues to grow, with $1.7 trillion invested in clean energy out of a total $2.8 trillion invested in the energy sector last year. The acceleration of clean-energy investment is good news for meeting climate targets, but planned oil and gas development must be scaled back significantly for this to continue.