Summary:

Global Investment in Clean Energy Transition:

• Global investment in the low-carbon energy transition reached a record $2.1 trillion in 2024.
• This marked an 11% increase from the previous year, according to BloombergNEF’s report.

Key Drivers of Growth:

• BloombergNEF (BNEF) identified significant uptick in investments due to factors such as policy support and falling technology costs.

Author’s Take:

In a significant milestone, global investment in clean energy transition has hit a new high of $2.1 trillion in 2024, showcasing a positive trajectory towards sustainable energy solutions. The increase in investments driven by policy backing and declining technology expenses highlights a promising shift towards achieving net-zero goals in the near future.

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