Global energy investments are expected to increase to a record $3.3 trillion, according to a new report from the International Energy Agency (IEA). Despite geopolitical and economic challenges, funding remains strong as clean energy technology attracts double the money as fossil fuels.
The agency highlights how clean technologies – including renewables, nuclear, grids, and storage – are on track to reach $2.2 trillion in funding this year. Overall, solar is forecasted to reach $450 billion in investment this year. In its World Energy Investment report, the IEA highlights how these developments indicate a more sustained effort to reduce emissions, reflecting the growing influence of industrial policy.
Behind the Figures
In Behind the Figures, we take a deep dive into numbers. Using charts and graphs, we break down figures and provide context to help you make more sense of them.
