TNPSC Thervupettagam

World energy Investment Report 2024

June 15 , 2024 34 days 173 0
  • Investment in clean energy technologies and infrastructure is set to touch a new global high of $3 trillion in 2024.
  • China will account for the largest share of clean energy investment, with around $675 billion this year.
  • Investment in new oil and gas supplies will increase by 7% this year to $570 billion.
  • Still, clean energy investment in other emerging and developing economies remains low at about $320 billion.
  • India’s Spending reached $68 billion in 2023, up by nearly 40 per cent from the 2016-2020 average.
  • Fossil fuel investment grew by 6 per cent over the same period to reach $33 billion in 2023.
  • India’s target of 500 gigawatt (Gw) of renewable energy capacity by 2030 requires $190 billion to $215 billion of investment over the next seven years.

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