Investments in clean energy could outpace spending on fossil fuels due to energy security concerns exacerbated by the war in Ukraine, as well as policy support from wealthy countries, according to a new report published by the International Energy Agency (IEA).
The report estimates approximately $2.8 trillion will be invested in energy in 2023. Of which, more than $1.7 trillion will be invested in clean energy, including renewable power, nuclear, grids, storage, low-emission fuels, efficiency improvements and end-use renewables and electrification.
