India  

Clean Energy Investment Received a Record $1.1 Trillion in 2022

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Clean Energy Investment Received a Record $1.1 Trillion in 2022

Clean Energy Investment Received a Record $1.1 Trillion in 2022

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.


You Might Like


💡 newsR Knowledge: Other News Mentions

Electric vehicle Electric vehicle Vehicle propelled by one or more electric motors

Apple Abandons Electric Car Efforts, Reports Say [Video]

Apple Abandons Electric Car Efforts, Reports Say

Apple Abandons Electric Car Efforts, , Reports Say. Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. . Apple's electric vehicle (EV) project, known to insiders as "Project Titan," has reportedly come to an end, according to CNN. . Employees who were working on the project, which has likely been in development for at least 10 years, . will reportedly transfer to Apple's AI division. . The tech giant is following a trend, with investors’ enthusiasm for electric vehicle investments waning, amid the frenzy for all things AI. , Susannah Streeter, head of money and markets at U.K.-based investing platform Hargreaves Lansdown, via CNN. It’s vital that Apple stays one step ahead in developing the tech people crave, to justify its products’ high price points, so fully exploring the opportunities AI presents for its future ranges is essential, Susannah Streeter, head of money and markets at U.K.-based investing platform Hargreaves Lansdown, via CNN. While Apple never officially confirmed its EV aspirations, . it obtained several vehicle-related patents and hired automotive executives over the years, among other things. In 2020, Elon Musk even said that he once tried to sell Tesla to Apple. . Meanwhile, iPhone manufacturer Foxconn revealed plans to produce EVs, . Meanwhile, iPhone manufacturer Foxconn revealed plans to produce EVs, . with CEO Young Liu telling CNN that the business model for such vehicles "should be reinvented."

Credit: Wibbitz Top Stories    Duration: 01:31Published