This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.

Post

Investment in the global energy transition hit a new record and a major milestone in 2022. But there’s good news and bad news.

image credit: Image by kues1 on Freepik
Tony Paradiso's picture
Principal, E3

I provide consulting services primarily assisting renewable energy-related companies in areas such as strategic planning, marketing, and operations. I have helped bring to market numerous leading...

  • Member since 2023
  • 16 items added with 1,852 views
  • Feb 6, 2023
  • 202 views

BloombergNEF’s Energy Transition Investment Trends report has estimated that the total investment in renewable energy totaled $1.1 trillion in 2022. At $495 billion, solar, wind, biofuels and others accounted for a little less than half of the total and was 17% higher than in 2021.

At $466 billion EV- related investments was on par with renewables and registered a 54% year-over-year increase.

So what’s the bad news?

China accounted for $546 billion of the investment while the U.S. only invested $141 billion. Germany, France and the UK rounded out the top five.

The U.S. should set a goal to lead this market which means we need to start upping the ante.

Discussions

No discussions yet. Start a discussion below.

Tony Paradiso's picture
Thank Tony for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Get Published - Build a Following

The Energy Central Power Industry Network® is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »