Summary
Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to a new report published by research firm BloombergNEF (BNEF) on Tuesday.
It added that the uptick in investment reflected an acceleration in demand for clean energy supplies to tackle the ongoing global energy and climate crises.
“Investment in new large- and small-scale solar projects rose to a record-breaking $120 billion, up 33 per cent from the first half of 2021. Wind project financing was up 16 per cent from 1H 2021, at $84 billion,” said the report titled ‘Renewable Energy I......