Clean Energy Investment, Received a Record , $1.1 Trillion in 2022.
'Time' reports that the world hit two significant
milestones in its attempt to decarbonize
the global energy system in 2022.
According to the latest data released by BloombergNEF, 2022 was the first year that investment in the energy transition was equal to the global investment in fossil fuels.
In 2022, $1.1 trillion dollars was invested
in fossil fuel power generation without
emissions reduction technology. .
At the same time, an equal amount of global investment went into renewable energy, electrified transport and heat, energy storage and other green technologies.
2022 was also the first year where
investment in decarbonizing
energy exceeded $1 trillion.
Between 2021 and 2022,
global investment in green technology
increased by more than $250 billion. .
'Time' reports that most of the largest
year-over-year increase in investment went toward
renewable energy and electrified transport.
'Time' reports that most of the largest
year-over-year increase in investment went toward
renewable energy and electrified transport.
While 2022 saw the renewable energy sector
receive record-high investment, the electrified
transport sector has grown at an even faster rate.
While 2022 saw the renewable energy sector
receive record-high investment, the electrified
transport sector has grown at an even faster rate.
Globally, over ten million, electric vehicles (EV), were sold in 2022.
In 2022, $380 billion was invested in
passenger EVs, while public charging
infrastructure received an influx of $24 billion. .
In 2022, $380 billion was invested in
passenger EVs, while public charging
infrastructure received an influx of $24 billion.