China News
SOLAR DAILY
Low-carbon energy investment hit record $2.1 tn in 2024: report
Low-carbon energy investment hit record $2.1 tn in 2024: report
by AFP Staff Writers
Paris (AFP) Jan 30, 2025

Global investment in the transition to low-emission energy grew to a record $2.1 trillion last year, according to analysis by BloombergNEF, but vastly more is needed to meet international climate goals.

Investment worldwide was up 11 percent on 2023 with China accounting for two-thirds of the increase, far eclipsing spending in Europe and the United States, according to the Energy Transition Investment Trends 2025 report.

Electric vehicles, renewable energy and power grids all attracted record investment last year, BNEF found.

"Our report shows just how much growth we've seen in the energy transition over the past few years, despite political uncertainty and high interest rates," said Albert Cheung, deputy chief of BNEF, adding that much more needs to be done.

BNEF found that global energy transition investment would need to average $5.6 trillion each year from 2025 to 2030, to get the world decarbonising fast enough to meet the Paris climate deal's targets.

On that front, China is closest to being on track, BNEF said, followed by Germany and the UK.

China accounted for $818 billion of investment last year, up 20 percent from 2023, according to the analysis, with all sectors reviewed "showing solid growth".

The country's total investment was bigger than the US, EU and UK combined, BNEF said.

Last year the International Energy Agency said nearly $2 trillion in investments were flowing annually into clean energy projects, nearly double the amount spent on fossil fuel supplies.

Its World Energy Outlook report said that more than half of the world's electricity will be generated by low-emission sources before 2030, with demand for oil, gas and coal still projected to peak by the end of the decade.

Related Links
All About Solar Energy at SolarDaily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
SOLAR DAILY
New Technique Tracks Dark Excitons for Future Solar Cells
Berlin, Germany (SPX) Jan 30, 2025
How can modern technologies, like solar cells, be optimized? An international team of researchers, led by the University of Gottingen, is tackling this question using an innovative new technique. For the first time, the formation of tiny, elusive particles - known as dark excitons - has been precisely tracked in both time and space. These invisible energy carriers are poised to play a crucial role in the development of future solar cells, LEDs, and detectors. The findings were published in Nature Photon ... read more

SOLAR DAILY
China launches additional satellites for Spacesail Constellation

Shenzhou XIX crew completes second spacewalk mission

Shenzhou XIX crew completes second spacewalk

China unveils logos for three space missions in 2025

SOLAR DAILY
World awaits Trump tariff deadline on Canada, Mexico and China

Trump says talks Monday with Canada, Mexico over sweeping tariffs

Trump says tariff 'pain' will be 'worth the price'

Japan 'deeply concerned' at global impact of Trump tariffs: minister

SOLAR DAILY
SOLAR DAILY
Google Maps to show 'Gulf of America' to US users

Putin says Russia 'ready for negotiations' with Donald Trump on Ukraine

Hegseth sworn in as US defense secretary

Pandas, like Trump, are back in Washington

SOLAR DAILY
Aging reactors require a concrete solution

GE Hitachi selects BWXT to manufacture reactor pressure vessel for BWRX-300

US utilities collaborate to accelerate GE Vernova's BWRX-300 deployment

SMRs and Advanced Nuclear Reactors in 2025: Adapting to New Energy Demands

SOLAR DAILY
Philippines arrests 100 suspects in online scam farm raid

Australia says be 'very careful' over DeepSeek and privacy; 'Programmed' to toe the party line

Breakout Chinese AI 'programmed' to toe the party line

Chinese AI DeepSeek says hit by large-scale cyberattack

SOLAR DAILY
Aging reactors require a concrete solution

GE Hitachi selects BWXT to manufacture reactor pressure vessel for BWRX-300

US utilities collaborate to accelerate GE Vernova's BWRX-300 deployment

SMRs and Advanced Nuclear Reactors in 2025: Adapting to New Energy Demands

SOLAR DAILY
Green energy projects adding to Sami people's climate woes: Amnesty

New Study Enhances Trust in Wind Power Forecasting with Explainable AI

Trump casts chill over US wind energy sector

US falling behind on wind power, think tank warns

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.