Clean Energy Investment to Surpass Fossil Fuels, Solar Power Leads the Way.
The International Energy Agency (IEA) has projected that global investment in energy will reach $2.8tn by 2023, with over $1.7tn of that going towards clean energy technologies. The report also stated that solar investments are expected to attract over $1bn a day in 2023, overtaking the amount of investment going into oil production for the first time. However, the IEA also projected that coal, gas, and oil are still on course to attract "slightly over" $1tn of investment this year, with fossil fuel investment spending now more than double the levels needed in the Net Zero Emissions by 2050 Scenario.