"IEA Expects Global Clean Energy Investment To Hit $2 Trillion In 2024"

"LONDON - Global investment in clean energy technology and infrastructure is set to hit $2 trillion this year, twice the amount going into fossil fuels, an International Energy Agency report showed.

Total energy investment is expected to exceed $3 trillion for the first time in 2024, the IEA said in its annual World Energy Investment report.

Some $2 trillion is set to go to clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps - with the rest directed towards gas, oil and coal."

Nina Chestney reports for Reuters June 6, 2024.

Source: Reuters, 06/07/2024