"Last year was a double milestone for decarbonizing the world’s energy system. It was the first year when investment in the energy transition equaled global investment in fossil fuels . . . . [And] 2022 was . . . the first year when investment in decarbonizing energy surpassed $1 trillion. The year-on-year increase of more than $250 billion from 2021 was the largest jump yet."
— Renewable energy

January 1, 1970

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TechnologyEnergyClimate changeSustainabilityEnvironmentalism
Original Language: English

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Nat Bullard, a "senior contributor" at Bloomberg Green, and a venture partner at Voyager Venture Capital, an early-stage climate technology investor, summarizing the information in a BloombergNEF report entitled "Global Low-Carbon Energy Technology Investment Surges Past $1 Trillion for the First Time." The quote is taken from a Time magazine article written by Bullard entitled "Clean Energy Investment Sets $1.1 Trillion Record, Matching Fossil Fuels For the First Time." (Jan. 26, 2023)