Investments in Solar Power Eclipse Oil for First Time

Contributing sentiments towards policy:

60% : The figure marks a sharp increase from previous years and highlights the growing divergence between clean-energy spending and traditional fossil-fuel industries such as oil, gas and coal.
59% : While investments in clean energy have been strong, they haven't been evenly split.
58% : Spending on so-called clean-energy projects -- which includes renewable energy, electric vehicles, low-carbon hydrogen and battery storage, among other things -- is rising at a "striking" rate and vastly outpacing spending on traditional fossil fuels, Fatih Birol, the IEA's executive director said in an interview.
57% : Investments in clean energy and fossil fuels were largely neck-and-neck in the years leading up to the pandemic, but have diverged sharply since.
50% : They are often financially unable to dole out large sums on subsidies and state backing, as the U.S., European Union and China have done.
50% : The powerful economic rebound that followed the end of lockdown measures across most of the globe helped prompt the divergence between spending on clean energy and fossil fuels.
44% : This includes mushrooming government spending aimed at driving adherence to global climate targets such as President Biden's Inflation Reduction Act.

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