02/24/2023
Posted by: Windfair Editors
Renewables Investment sets new record but distribution is a problem
Official Press Release IRENA:
Investments in Renewables Reached Record High, But Need Massive Increase and More Equitable Distribution
Wind Industry Profile of
New report finds glaring disparities between investments in developed and developing countries, calls for substantial increase in financial flows from Global North to South.
The report Global Landscape of Renewable Energy Finance 2023 reveals that global investment in energy transition technologies last year—including energy efficiency—reached USD 1.3 trillion. It set a new record-high, up 19% from 2021 investment levels, and 50% from before the pandemic in 2019. The joint report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI)—launched on the side-lines of the Spanish... ... More: Official Press Release IRENA
- Keywords:
- IRENA, report, renewables, investment, record, increase, distribution, developing, global
