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Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says

Low-carbon electricity investment driven by solar projects but oil and gas spending still too high to meet climate goals

Global investment in low-carbon electricity will rise to 10 times as much as fossil fuel power this year due to an increase in spending on solar projects, according to the International Energy Agency.

The global energy watchdog has predicted that investment in clean energy including renewables and nuclear power as well as electric vehicles, power grids, energy storage, low-emissions fuels, efficiency improvements and heat pumps will reach $2tn this year.

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