Jan 21, 2025
Renewable Energy Investments Surpass Fossil Fuels, Marking a New Era
Investments in carbon-free energy are projected to double those in fossil fuels in 2024, signaling a significant shift towards renewable energy sources.
The International Energy Agency forecasts that investments in carbon-free energy will exceed $2 trillion in 2024, doubling the spending on fossil fuels. This surge reflects a global transition towards renewable energy, with significant contributions from wind, water, and solar power. California, for instance, has achieved record-breaking milestones in renewable electricity generation, demonstrating the readiness of these sources to meet energy demands. This trend underscores a broader commitment to reducing carbon emissions and combating climate change. Read more.
