Solar investment outstrips all other power forms: IEA
Solar panel costs have decreased by 30 percent over the past two years, the IEA said – Copyright AFP Sia KAMBOU
More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world’s top energy research body said Thursday.
The International Energy Agency (IEA) forecast in a report that global investment in clean energy this year will hit $2 trillion, twice the amount going to fossil fuels.
It said combined investment in renewable power and grids overtook the amount spent on fossil fuels for the first time in 2023.
“Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind
