Energy Transition

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

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.

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.
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.
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.
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.
Annual low-carbon spending is still not enough to reach net zero emissions by 2050. Image: BloombergNEF.
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Related topics:
Energy TransitionAccelerating Clean HydrogenEuropean Union
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IEA: Clean energy investment must reach $4.5 trillion per year by 2030 to limit warming to 1.5°C

Cristen Hemingway Jaynes

September 28, 2023

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