CO2 Management > CCUS > Clean energy spend is double fossil fuel investment, but nowhere near COP28 GST pledge -IEA

Clean energy spend is double fossil fuel investment, but nowhere near COP28 GST pledge -IEA

Published 07:55 on June 5, 2025 / Last updated at 07:55 on June 5, 2025 / / Americas, Asia Pacific, CO2 Management (CCUS), EMEA (Europe), Net Zero Transition (Industrial Decarbonisation, Investment, Reporting & Disclosure, Power/Electrification, Transport & Heating Fuels)

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Energy sector spending is now two-to-one favouring renewables and nuclear over fossil fuels, and capital spend will rise 2% this year to $3.3 trillion, but this is driven more by energy security concerns than emissions reduction ambitions, the International Energy Agency (IEA) said Thursday.
Energy sector spending is now two-to-one favouring renewables and nuclear over fossil fuels, and capital spend will rise 2% this year to $3.3 trillion, but this is driven more by energy security concerns than emissions reduction ambitions, the International Energy Agency (IEA) said Thursday.


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