Date: [Current Date] Country: Global
The International Energy Agency (IEA) reports a record $2.2 trillion investment in clean technologies for this year. This marks a significant shift, being double the spending on fossil fuels, which is expected to dip for the first time since 2020.
The IEA highlights that rising electricity demand, including from AI and data centers, is a key driver. Nuclear energy is also experiencing a comeback, with tech companies entering supply agreements due to its steady supply.
Despite the growth in renewable energy production, the IEA emphasizes the need to double investment to achieve the goal of tripling renewable capacity by 2030. Investment in electricity grids needs to increase to match the investment in generation.