Low-Carbon Energy Investment Must Triple To Reach Net-Zero Target

The world invested a record $755 billion in the energy transition in 2021, up by 27 percent compared to 2020, but total annual investment in low-carbon energy needs to triple from today’s levels to put the world on track for net-zero emissions by 2050, research firm BloombergNEF (BNEF) said in a new report on Thursday. Last year, global investments in all low-carbon energy sectors rose, with the exception of carbon capture and storage (CCS), BNEF’s Energy Transition Investment Trends 2022 report showed. Renewable energy continued to…