CAIRO – A new report by the International Energy Agency (IEA) revealed that global spending on clean energy technologies and infrastructure is on track to hit 2 trillion dollars in 2024.
This came as the Information and Decision Support Center (IDSC) shed light on the most prominent international reports on energy investment.
Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for clean technologies, added the report.
Total energy investment worldwide is expected to exceed 3 trillion dollars in 2024 for the first time, with some 2 trillion dollars set to go towards clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps.
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