LINKS OF THE WEEK: Feb 12, 2024
Interesting stats on EVs and energy use in the US, developments in wind and tidal power, a plastic recycling microfactory, and an "unprecedented collapse" in EU fossil fuel generation.
The International Energy Agency says that solar power investment will surpass oil production spending this year.
According to the International Energy Agency, solar power investment will surpass oil production spending this year. Clean energy spending is set to grow 24% this year to $1.7 trillion – while fossil fuel spending will grow 15% to $1 trillion. YES, it's obscene that so much is still being spent on fossil fuels. BUT with $1.7 being spent on solar for every $1 spent on fossil fuels, maybe the scales are tipping in the other direction?