Spending on low-carbon energy technology is on the brink of overtaking fossil fuels. These 4 charts tell the full story

Feb 20, 2023

Global investment in low-carbon energy technology surged to a record level of $1.1 trillion in 2022, according to a new report from BloombergNEF. Image: Unsplash/Jason Blackeye

Ian Shine

Senior Writer, Forum Agenda

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Investment in low-carbon energy technologies is now level with spending on fossil fuel supply. Image: BloombergNEF.

Low-carbon spending has broken records in every area except nuclear. Image: BloombergNEF.

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What's the World Economic Forum doing about the transition to clean energy?

China surged ahead of other countries on low-carbon spending in 2022. Image: BloombergNEF.

Annual low-carbon spending is still not enough to reach net zero emissions by 2050. Image: BloombergNEF.

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