Global investment in solar power is expected to overtake investment in oil for the first time ever this year, as spending on renewables continues to increase more than spending on fossil fuels, according to the International Energy Agency. And yet, fossil fuel investment is still too high to reach any net zero goals by 2050.
In its latest report on energy investment, the Paris-based International Energy Agency noted that while clean energy spending is outpacing spending on fossil fuels, investment in fossil fuels is still much higher than it should be to reach the goal of net zero emissions by 2050.
