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Jun 23, 2024 - The underwater kites generating electricity as they move

Jun 21, 2024 - Investment in clean energy this year is set to be twice the amount going to fossil fuels

Jun 24, 2024 - New invisible solar panel windows soon to be available nationwide

Jun 21, 2024 - Major power outage hits parts of Bosnia, Croatia and Montenegro

Jun 18, 2024 - How Quantum Dots Solar Panels Could Change Everything

Jun 18, 2024 - Alberta phases out coal power

Jun 18, 2024 - Behind the Grid | Episode 2: From Shore to Substation

Trending Now: Solar, Wind, Grid

Jun 21, 2024 - Investment in clean energy this year is set to be twice the amount going to fossil fuels



Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024, even as higher financing costs hinder new projects, notably in emerging and developing economies. Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for clean technologies, according to a new IEA report.

Total energy investment worldwide is expected to exceed $3 trillion in 2024 for the first time, with some $2 trillion set to go toward clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps – according to the latest edition of the IEA`s annual World Energy Investment report. The remainder, slightly over $1 trillion, is going to coal, gas and oil. In 2023, combined investment in renewable power and grids overtook the amount spent on fossil fuels for the first time.