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Renewable energy projects are rising in number worldwide

According to estimates by the International Energy Agency, more than 1.6 trillion euros is going to fund renewable energy (solar and wind) and electric vehicle projects this year, a 24% jump compared to 2021.

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Global investment in coal to rise 10% in 2023 to $150 billion: IEA | Hellenic Shipping News Worldwide

Global investment in coal to rise 10% in 2023 to $150 billion: IEA | Hellenic Shipping News Worldwide
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Fossil Fuel Supply Spending to Rise Six Percent in 2023: IEA

Fossil fuel supply investments are set to rise to around $950 billion for 2023.

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For the first time, global investment in solar power overtakes investment in fossil fuels, IEA report

Global investment in solar power is expected to overtake investment in oil production for the first time ever this year, the International Energy Agency (IEA) said. The IEA projects investment in solar power to hit US$ 380 billion in 2023, compared to investments in oil exploration and extraction at US$ 370 billion.

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Investment in solar power to outstrip oil for first time, says IEA

Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA) said Thursday, with solar projects expected to outpace outlays on oil production for the first time.

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