Solar Investment Set to Surpass Oil for the First Time.

Solar energy is set to attract over $1 billion a day in investment by 2023, overtaking oil production for the first time ever, according to the International Energy Association. The IEA predicts that over $1.7tn will flow into clean energy technologies such as EVs, renewables and storage. The gap between investment in fossil fuels and clean energy is growing, with clean technologies pulling away from fossil fuels. Renewable energy is finally competitive with fossil fuels in electricity generation, with renewables overtaking gas permanently on cost-effectiveness.