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.
