Tuesday, July 23, 2024
Good News in the WorldInvestment in wind and solar is set to outpace oil and gas...

Investment in wind and solar is set to outpace oil and gas drilling for the first time – a milestone in the worldwide transition to clean energy

Investment in wind and solar is set to outpace oil and gas drilling for the first time this year, according to one analyst — a milestone in the worldwide transition to clean energy that comes in spite of a spiraling energy crisis and calls to increase fossil fuel production.

The projection by Rystad Energy is in line with a separate prediction by DNV GL, another company that tracks energy markets. DNV thinks a short-term boost for coal in developing countries is no match in the long term for the march of falling renewable costs, electrification and increasing carbon prices.

These forecasts — and others like it — suggest the clean energy transition has …

Related video. Source video: Off-Grid with Curtis Stone

Source image: Kenueone / Wikimedia

Source text: Eenews.net

Original title: Clean energy transition gains speed, despite global tumult

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