Renewable Energy Investment Surpasses Oil Production by 2023.
TL;DR
Russia's war in Ukraine has led to a surge in investment in renewable energy as countries seek to secure their power supply. Investment in solar outpaced that in oil for the first time last year, according to the International Energy Agency. However, the world is still investing too much in fossil fuels, with investment in that sector currently double the maximum amount that would be allowed if nations are to meet their stated pledges to reduce emissions.
Topics:businessrenewable-energy#clean-energy#fossil-fuels#investment#renewable-energy#russia#ukraine
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- Solar investment exceeds crude oil production's for first time, report says CBC News
- Global funding for solar power will outpace oil production in 2023 TechSpot
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