Solar Investment to Surpass Oil Production, Accelerating Shift to Clean Energy.
TL;DR Summary
The International Energy Agency (IEA) has predicted that solar power will attract more investment than oil for the first time this year. The IEA's executive director, Fatih Birol, said that the coronavirus pandemic had accelerated the shift towards renewable energy, with solar power set to account for the majority of new capacity for the first time.
- Solar power investment to exceed oil for first time, says IEA chief Financial Times
- Solar investment set to overtake oil production and attract over $1 billion a day in 2023, IEA says CNBC
- Investment in solar power to outstrip oil for first time, says IEA CNN
- Invasion of Ukraine ‘has fuelled funding boom for clean energy’ The Guardian
- Shift to clean energy accelerating, but coal investments too high, report says AOL
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