Energy

Clean energy set for $1.4 trillion boost in 2022, IEA says

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Coal and a wind turbine in Hohenhameln, Germany, on April 11, 2022. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons in recent months.

Mia Bucher | Picture Alliance | Getty Images

Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 trillionwith a notable uptick for coal supply chains, but far more money will be required if climate-related goals are to be met, according to the International Energy Agency.

Published Wednesday, the latest version of the IEA’s World Energy Investment report said clean energy investment is set to exceed $1.4 trillion this year and account for “almost three-quarters of the growth…



Source cnbc.com

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