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Clean Energy Attracts Half A Trillion Dollars Of Funding For First Time

Mike Scott on Forbes writes that clean energy reached half a trillion dollars of funding for the first time in 2020.

The C3 Take
  • Globally, investments into clean energy reached half a trillion dollars.
  • American investment into clean energy decreased slightly, due in large part to COVID-19.
  • Markets, not mandates, are leading the way to clean energy growth and development.

“BNEF says that companies, governments and households invested $303.5 billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50 billion surge for offshore wind. They also spent $139 billion on electric vehicles and associated charging infrastructure, up 28% and a new record.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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