Skip to main content
Climate
Search

Main navigation

  • Climate 101
    • What We Know
    • What Can Be Done
    • Climate Primer
  • Explore
    • Explainers
    • Ask MIT Climate
    • Podcast
    • For Educators
  • MIT Action
    • News
    • Events
    • Resources
  • Search
MIT

Main navigation

  • Climate 101
    • What We Know
    • What Can Be Done
    • Climate Primer
  • Explore
    • Explainers
    • Ask MIT Climate
    • Podcast
    • For Educators
  • MIT Action
    • News
    • Events
    • Resources
  • Search
PostJune 1, 2023

The world is finally spending more on solar than oil production

Aerial view of home with rooftop solar panels at night
Photo Credit
GETTY IMAGES

Money makes the world go round. And when it comes to energy, we’re seeing more investment than ever: companies, research institutions, and governments are all pouring money into technologies that could help power our world in the future. 

The International Energy Agency just published its annual report on global investment in energy, where it tallies up all that cash. The world saw about $2.8 trillion of investments in energy in 2022, with about $1.7 trillion of that going into clean energy. 

That’s the biggest single-year investment in clean energy ever, and where it’s all going is pretty interesting. I have some good news, some bad news, and a couple of surprising tidbits to share. So grab some popcorn and let’s dive into the data. 

Read the full story at MIT Technology Review.

by MIT Technology Review
Topics
Energy
Fossil Fuels
Renewable Energy
Finance & Economics

Related Posts

PostJuly 4, 2025

Robotic probe quickly measures key properties of new materials

MIT News
Scientists are striving to discover new semiconductor materials that could boost the efficiency of solar cells and other electronics. The pace of innovation is bottlenecked by the speed at which researchers can manually measure important material properties, but a fully autonomous robotic system developed by MIT researchers could speed things up.
PostJuly 2, 2025

3 Questions: How MIT’s venture studio is partnering with MIT labs to solv...

MIT News
David Cohen-Tanugi has been the venture builder for Proto Ventures’ fusion and clean energy channel since 2023.
PostJuly 2, 2025

Confronting the AI/energy conundrum

MIT Energy Initiative
At the 2025 MIT Energy Initiative Spring Symposium, Evelyn Wang (at lectern), the MIT vice president for energy and climate, joined MITEI Director William H. Green to discuss how collaborations across campus can help solve the data center challenge.
PostJune 17, 2025

Closing in on superconducting semiconductors

Plasma Science and Fusion Center
New research demonstrates a superconducting diode circuit that could streamline power delivery in ultra-cold quantum systems.

MIT Climate News in Your Inbox

 
 

MIT Groups Log In

Log In

Footer

  • About
  • Terms & Conditions
  • Privacy Policy
  • Accessibility
  • Contact
MIT Climate Project
MIT
Communicator Award Winner
Communicator Award Winner