At $1.1 trillion, renewable energy investment matches fossil fuels in 2022 for 1st time: BloombergNEF
India, Jan. 27 -- The hydrogen sector received least boost at $1.1 billion but the sector grew the fastest, tripling investment every year
For the very first time in history, investment in low-carbon energy technologies worldwide was equal to money spent on fossil fuels, according to BloombergNEF , a global strategic research service provider.
The amount of investment in cleaner energy technology in 2022 was $1.1 trillion, a study by the organisation noted. This came despite an uptick in spending on fossil fuels as many regions focused their attention on energy security, it added.
Investment towards energy transition grew by $261 billion from the previous year - a 31 per cent increase from 2021. But the investment in fossil fuels was a...
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