Clean tech investment set to hit $2tn in 2024 [FT.com - Mergermarket]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: FT.com - Mergermarket
Jump to comments sectionStay informed with free updatesSimply sign up to the myFT Digest -- delivered directly to your inbox.Burning fossil fuels accounts for 75 per cent of global greenhouse emissions: the “poisoned root of the climate crisis”, according to António Guterres, secretary-general of the UN. But quitting them is far from easy.Global investment in clean technologies ison track to hit $2tn this yearestimated $4.5tnProgress on a global level has been sluggish, with huge growth in wind and solar capacity over the past few years failing to keep pace with climbing energy demand in economies such as and India. Fossil fuels accounted for 81.5 per cent of global energy consumption in 2023, slightly down from 82 per cent in 2022 and 86 per cent in 1995, according to the Institute’sStatistical Review“Arguably, the [energy] transition has not even started,” Nick Wayth, chief executive of the Institute, told reporters at the time. “Clean energy is still not e
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