Despite Turmoil in Energy Markets, the Shift to Clean Energy Is Gaining Steam
For the first time, the world is on pace to invest more in wind and solar power than in oil and gas drilling. Analysts say the clean energy transition is gathering momentum despite recent tumult in the market.
Investments in renewables are set to reach $494 billion in 2022, more than the $446 billion put toward oil and gas extraction this year, according to Rystad Energy, an independent energy research firm.
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