{"id":13155,"date":"2026-02-05T15:40:59","date_gmt":"2026-02-05T08:40:59","guid":{"rendered":"https:\/\/solarppm.com\/?p=13155"},"modified":"2026-03-27T10:15:39","modified_gmt":"2026-03-27T03:15:39","slug":"double-investment-clean-energy","status":"publish","type":"post","link":"https:\/\/solarppm.com\/en\/double-investment-clean-energy\/","title":{"rendered":"Why Clean Energy Investment Nearly Doubles Fossil Fuel Spending"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13155\" class=\"elementor elementor-13155\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a9fed9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a9fed9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 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\/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0793ddd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0793ddd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3792b75\" data-id=\"3792b75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70a1a03 elementor-widget elementor-widget-heading\" data-id=\"70a1a03\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-medium\">According to the IEA's \"World Energy Investment 2023\" report, global investment in clean energy technologies is projected to rise to $1.7 trillion in 2023, while investment in fossil fuel technologies is estimated at approximately $1 trillion.\n<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c3a35c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c3a35c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6af10ff\" data-id=\"6af10ff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-39926b5 elementor-widget elementor-widget-text-editor\" data-id=\"39926b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The IEA defines <\/span><b>clean technologies<\/b><span style=\"font-weight: 400;\"> as renewables, electric vehicles (EVs), solar energy (photovoltaics), nuclear power, electrical grids, energy storage, low-emission fuels, energy efficiency improvements, and heat pumps. Conversely, <\/span><b>fossil fuels<\/b><span style=\"font-weight: 400;\"> are defined as coal, natural gas, and oil.<\/span><\/p><p><span style=\"font-weight: 400;\">Annual clean energy investment is expected to increase by <\/span><b>24%<\/b><span style=\"font-weight: 400;\"> between 2021 and 2023, driven primarily by renewables\u2014such as solar installations\u2014and electric vehicles. In contrast, fossil fuel investment rose by only <\/span><b>15%<\/b><span style=\"font-weight: 400;\"> during the same period.<\/span><\/p><p><span style=\"font-weight: 400;\">Notably, investment in <\/span><b>solar energy<\/b><span style=\"font-weight: 400;\"> is set to surpass oil production investment for the first time. Spending on solar power in 2023 is anticipated to reach <\/span><b>$382 billion<\/b><span style=\"font-weight: 400;\">, exceeding the <\/span><b>$371 billion<\/b><span style=\"font-weight: 400;\"> projected for oil production.<\/span><\/p><p><b>Dave Jones<\/b><span style=\"font-weight: 400;\">, Head of Data Insights at the Ember think tank, stated:<\/span><\/p><p><i><span style=\"font-weight: 400;\">&#8220;Solar is becoming a true energy superpower. It is emerging as the most significant tool at our disposal for rapid decarbonization across all economic sectors.&#8221;<\/span><\/i><\/p><p><span style=\"font-weight: 400;\">Several factors are stimulating clean energy investment, including periods of robust economic growth and the geopolitical impact of Russia&#8217;s invasion of Ukraine. The latter caused extreme volatility in fossil fuel prices, prompting European nations to transition to clean energy to bolster <\/span><b>energy security<\/b><span style=\"font-weight: 400;\">. Policy support, such as the U.S. <\/span><b>Inflation Reduction Act (IRA)<\/b><span style=\"font-weight: 400;\"> and similar initiatives in Europe, China, and other regions, has acted as a major catalyst.<\/span><\/p><p><span style=\"font-weight: 400;\">However, fossil fuel investment must decline more rapidly. Energy companies must be held accountable for environmental degradation. Currently, the oil and gas industry\u2019s investment in alternative low-emission technologies accounted for less than <\/span><b>5%<\/b><span style=\"font-weight: 400;\"> of their total upstream investment in 2022. Furthermore, developing nations require additional support to facilitate their transition to clean energy.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>According to the IEA&#8217;s &#8220;World Energy Investment 2023&#8221; report, global investment in clean energy technologies is projected to rise to $1.7 trillion in 2023, while investment in fossil fuel technologies is estimated at approximately $1 trillion. The IEA defines clean technologies as renewables, electric vehicles (EVs), solar energy (photovoltaics), nuclear power, electrical grids, energy storage, [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":7642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5],"tags":[],"class_list":["post-13155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/posts\/13155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/comments?post=13155"}],"version-history":[{"count":5,"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/posts\/13155\/revisions"}],"predecessor-version":[{"id":13642,"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/posts\/13155\/revisions\/13642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/media\/7642"}],"wp:attachment":[{"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/media?parent=13155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/categories?post=13155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solarppm.com\/en\/wp-json\/wp\/v2\/tags?post=13155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}