2023-05-26 05:35:09
According to the annual report of the International Energy Agency (IEA), for the first time, investment in decarbonized technologies should exceed that towards oil, gas and coal.
“Clean energy is advancing rapidly, faster than many people imagine”. According the latest IEA report, clean energies are popular: for the first time, investments devoted to them should exceed those going to fossil fuels. In 2023, they should reach 1,700 billion dollars for decarbonized technologies, once morest 1,000 billion dollars for oil, gas and coal.
“For every dollar invested in fossil fuels, regarding 1.7 dollars goes to clean energies. Five years ago, this ratio was 1-1”, recalls the agency. In question, according to specialists: the recovery of the post-Covid-19 economy, the energy crisis caused by the invasion of Ukraine by Russia, as well as the aid put in place by multiple countries and a “strong harmonization of climate and energy security objectives”.
“Solar is the star”notes the report: more than a billion dollars a day should be invested there in 2023 (380 billion over the whole year), “exceeding spending in the oil sector for the first time”. In total, the IEA expects an increase in investments in clean energies of 24%, once morest 15% for fossil fuels over the same period.
The IEA nevertheless warns once morest the ultra-dominance of China, and recalls that expenditure on oil and gas exploration and exploitation should grow by 7% in 2023 – a return to 2019 levels, which moves the world on its path to carbon neutrality.
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