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Fossil Investment Shrinks, Renewables Surge, But Still Fall Short of Global Target

June 8, 2025
Fossil Investment Shrinks, Renewables Surge, But Still Fall Short of Global Target

Global renewable energy investment is on track to hit US$2.2 billion this year, double the amount directed to fossil fuels, and the dollars poured oil, gas, and coal will fall for the first time since 2020, the International Energy Agency concludes in its annual World Energy Investment report released June 5.

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