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New Report🚨: Energy Tran...
New report🚨: Energy Transition Investment Trends 2023 is out! If you thought the energy crisis would slow the transition, we've got news for you: energy transition investment exceeded $1 trillion for the first time in 2022, as global spending on clean-energy tech grew 31% YoY.
For the first time, spending on energy transition technologies appears to have caught up with fossil fuels supply investment, even as the global energy crisis led to an uptick in the latter.
In addition, $79 bilion was invested in clean energy manufacturing facilities last year - a new high. The battery value chain dominates this total, but PV, wind and hydrogen manufacturing plants also contributed.
Climate-tech companies raised $119 billion in new equity last year. This was a down year due to the turmoil in public markets, but the VC/PE portion of this was surprisingly up 3%.
We're still far from the investment levels needed to get to net zero, but energy transition investment has doubled since pre-pandemic times, and there's no reason it can't double again in the next few years - and again, and again!
Check out @NatBullard's excellent column on the findings: https://t.co/73pbVCSCjQ
And the press release, with link to the report, here: https://t.co/zMhYe1EREf
Too many individuals @BloombergNEF to thank - this report is such a huge team effort. Shout-out to some of the folks I know are here on Twitter: @meredith_annex @CoreyBCantor @jp_attwood @MarkDaly74 @YayoiSekine @tenglermartin and too many more amazing colleagues!