Last year was a double milestone for decarbonizing the world’s energy system. It was the first year when investment in the energy transition equaled global investment in fossil fuels, according to the latest data release from clean energy research group BloombergNEF. The money flowing into the upstream, midstream and downstream segments of oil and gas, and into fossil fuel-fired power generation without emissions reduction technology, was $1.1 trillion last year.
Clean Energy Investment Sets $1.1 Trillion Record, Matching Fossil Fuels For The First Time
Nathaniel Bullard / Bloomberg, Time: Business
Thu, 01/26/2023 - 9:50am
Topics: renewable passenger evs electric bnef inflation decarbonization t boone pickens nat bullard green voyager bloombergnef investment sets trillion record time clean energy fossil fuels year billion dollars invested transport sectors years transition increase electrified reach global received latest tripled capture hydrogen climate milestone power investor decarbonizing technology total vehicles world emissions annual game dollar role technologies year-on-year
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