Recovery from the economic downturn caused by the Covid-19 pandemic, followed by the global energy crisis unleashed by the war in Ukraine, has not stopped investments in low-carbon energy.
For 2023, it is estimated that more than 1,700 billion dollars have been invested in this field, marking a 24% jump compared to 2021, according to the International Energy Agency’s (IEA) annual report on investments, “World Energy Investment”.
The targets of this new investments are renewable energy, solar and wind in particular, and electric vehicles, although in this document the term “clean energy” also includes nuclear power, transport and storage infrastructure, energy efficiency and heat pumps.
At the same time, spending on fossil fuels is also expected to rise, with a 15% jump compared to 2021, despite the warnings of the scientific community about their harmful effects on the environment.
Show Comments