‘Investment in clean-energy technologies is on the brink of overtaking fossil-fuel investments, and won’t look back,’ says BloombergNEF
The 2022 increase in renewable-energy spending was driven by the energy crisis that followed Russia’s invasion of Ukraine, a report said. At the same time, traditional-energy investment also rose to shore up energy security.
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Investment in cleaner energy is on the verge of overtaking spending on fossil fuels for the first time ever after topping a record $1 trillion last year.
That’s according to a recent report from energy and renewables research group BloombergNEF.
“Our findings put to bed any debate about how the energy crisis will impact clean-energy deployment,”…
