"Investment in renewable energy has continued to increase around the world despite moves by Donald Trump's White House to cancel and derail low-carbon projects. In the first half of 2025, investment globally in renewable technologies and projects reached a record $386bn, up by about 10% on the same period last year. Investment in energy around the world is likely to hit about $3.3 trillion (2.4tn) this year."
"Finance for onshore and offshore wind increased by about a quarter in this first half of this year, reaching 126bn. China and Europe were the biggest markets for offshore wind. Since January this year, at least $470bn in future clean energy finance has been announced, according to the report, of which roughly three-quarters is slated for energy grids and electricity transmission."
Investment globally in renewable technologies and projects reached a record $386bn in the first half of 2025, up about 10% year-on-year. Total energy investment is likely to reach about $3.3 trillion this year, with roughly $1tn flowing to fossil fuels and about $2.2tn to low-carbon energy. Year-on-year growth rates remained strong, with 12% growth between H1 2023 and H1 2024 and 17% from 2022 to 2023. Finance for onshore and offshore wind rose about 25%, reaching $126bn. At least $470bn in future clean energy finance has been announced since January, with roughly three-quarters directed to grids and transmission. Upgraded grids should ease a major bottleneck to emissions reductions. Big companies continue to press ahead with climate commitments despite hostility from the US administration.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]