Investments in renewables reaches record, but inequitable high

Global investment in energy transition technologies – including energy efficiency technologies – reached $1.3-trillion in 2022, a new report ‘Global Landscape of Renewable Energy Finance 2023’, published by the International Renewable Energy Agency (Irena) and Climate Policy Initiative (CPI), shows. The investment was a new record high, up 19% from 2021 investment levels and 50% higher compared with investment before the pandemic in 2019.