Investments in carbon-free energy will be twice as large as fossil fuel spending in 2024, the International Energy Agency predicts
https://www.scientificamerican.com/article/clean-energy-spending-will-surpass-usd2-trillion-this-year/
Investments in carbon-free energy will be twice as large as fossil fuel spending in 2024, the International Energy Agency predicts
https://www.scientificamerican.com/article/clean-energy-spending-will-surpass-usd2-trillion-this-year/
3 Comments
TLDR:
Global spending on renewables, nuclear, energy efficiency and low-emissions fuels like hydrogen is set to eclipse $2 trillion in 2024, double the $1 trillion spent on fossil fuels, according to the International Energy Agency’s annual review of global energy spending.
But the issue is that [it’s not completely accurate.](https://www.imf.org/en/Blogs/Articles/2023/08/24/fossil-fuel-subsidies-surged-to-record-7-trillion#:~:text=Fossil-fuel%2520subsidies%2520surged%2520to,economic%2520recovery%2520from%2520the%25)
That begs the question: Why are there any sizable investments in fossil fuels?