Global investment in clean energy is on track to reach nearly double the amount going to fossil fuels in 2024, according to the IEA’s latest annual World Energy Investment report.
Total energy investment worldwide is expected to exceed $3 trillion in 2024 for the first time, with some $2 trillion set to go toward clean technologies, according to the report. The remainder, slightly over $1 trillion, is going to coal, gas and oil.
“Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind the new global energy economy. For every dollar going to fossil fuels today, almost two dollars are invested in clean energy,” says Fatih Birol, IEA’s Executive Director.
“The rise in clean energy spending is underpinned by strong economics, by continued cost reductions and by considerations of energy security. But there is a strong element of industrial policy, too, as major economies compete for advantage in new clean energy supply chains. More must be done to ensure that investment reaches the places where it is needed most, in particular the developing economies where access to affordable, sustainable and secure energy is severely lacking today.”
As the report highlights, solar is leading the transformation, with more money going into PV than all other electricity generation technologies combined. This year, sector investment is expected to grow to $500 billion.
China is set to account for the largest share of clean energy investment in 2024, reaching an estimated $675 billion. Europe and the U.S. follow, with renewables investment of $370 billion and $315 billion, respectively. These economies make up more than two-thirds of global clean energy investment.
The post Renewables Investments This Year Set to Outpace Fossil Fuel, Says Report appeared first on Solar Industry.
Renewable Energy
Cage Fighting on the White House Lawn
Maybe turning the White House into an attraction for the country’s least educated people (some say “trailer trash”) isn’t a good idea. It’s often referred to as the most demeaning moment in U.S history.
But let’s be real. Our nation is at its lowest point since its founding. Maybe we can, as a country, use this moment of extreme degradation as alcoholics refer to as “hitting rock bottom.”
https://www.2greenenergy.com/2026/06/14/white-house-lawn/
Renewable Energy
An Encounter on Tariffs
I met a fellow earlier today who, with a partner, owns and runs a company that imports a wide variety of goods into the United States from China.
I asked him, naively, how tariffs are affecting him. He said, “Well, until recently, taxes on our goods were 3.5%; now they’re 45%. I pass most of this this on to my (retailer) customer, and he passes it on to you. If you’re wondering why the price of a stick of deodorant has just gone through the roof, you’ve just figured it out.”
In retrospect, I shouldn’t have brought it up in the first place.
Renewable Energy
Trevor Noah
I met a gentleman from South Africa yesterday, and I told him that I’m sure he knows that Trevor Noah is a huge thing here in the U.S.
He replied that he doesn’t like Trevor Noah and explained that he doesn’t think politics and comedy should be mixed.
I thought that to be peculiar, as political humor has been a big deal here for centuries, and has grown mightily since the 1970s. Think of Saturday Night Live and all the late-night television hosts that have come along and achieved huge popularity.
More to the point, this is Trevor Noah’s brand. It’s what he does–and sells for a living. It’s like Nike and its swoosh and it’s “Just do it” slogan.
I have a feeling that what he objects to is the mixing of left-wing politics and comedy, because he doesn’t like to see progressive ideas promoted in society.
https://www.2greenenergy.com/2026/06/14/trevor-noah/
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