Nearly half of the record investments in the green transition in 2022 were made by China, followed far behind by the United States, Germany and then France.
The amount of money spent on renewables has for the first time exceeded 1000 billion euros worldwide, up 31% in one year, according to a report by BloombergNEF.
Roughly as much as investments in fossil fuels – an acceleration driven by the energy crisis linked to the war in Ukraine.
To discover
Pension reform: calculate the age at which you will finally leave
Read alsoWind power: the fear of the Chinese surge
This amount is divided almost equally between renewable energies (solar, wind, biomass, etc.) and the electrification of transport, a sector which has made a considerable leap driven by the boom in the electric car.
Hydrogen is also on the rise, with a tripling of investments, for a still limited total of 1 billion euros.
“Rather than slowing down, investments in the energy transition have reached a new record as States and companies continue to execute their transition plans
,” comments Albert Cheung, head of analysis at BloombergNEF.
Investments in clean energy technologies are poised to overtake investments in fossil fuels and will not turn back.”
Read alsoBeijing remains ambivalent between green energy and coal
As encouraging as they are, this progress falls far short of the challenges required by the fight against climate change.
To achieve carbon neutrality in the world by 2050, investments in these sectors should immediately be tripled.
China is clearly leading the way in this transition, developing integrated supply chains specializing in the green economy.