Investments in clean energy set a record at $1.1 Trillion in 2022, matching fossil fuels for the first time. The investments also jumped by 31%, by more than $250 billion, over 2021.
Clean energy or zero-carbon energy is an umbrella term that covers a wide range of energy sources. It includes 100% renewable, nuclear energy, and the carbon-neutralizing impact of technologies like carbon capture and sequestration (CCS).
Investments in clean energy took eight years, from 2004 through 2011, to reach the first $1 trillion. It took less than four years to reach the next trillion, and a little less than one more year to reach the latest trillion.
Since 2004, the world has invested $6.7 trillion in the energy transition. In order to get on track to net zero in 2050, this investment would need to be tripled immediately. Yet, 2022 left us hopeful for the future of the planet because one-sixth of the total energy investment in the last 18 years came in 2022.
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