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Clean energy investment hits new highs and shows no sign of slowing
Global investments in clean energy are likely to hit new highs in 2025, according to a new IEA report.
Image Credits: Tim De Chant/TechCrunchFor data nerds: A second-order polynomial fit to the fossil fuel investment does a reasonable job of explaining the variance (R 2= 0.74), suggesting the world might be extracting a bit more oil, coal, and gas in the near future. Indeed, 85% of electricity demand growth in the next two years is going to come from developing and emerging economies, and while cheap coal has driven the narrative in many of those, solar and wind shouldn’t be counted out. Those forecasts may fall short, but utilities tend to err on the side of caution, which means finding more power.
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