Global investment in clean energy matches that in fossil fuels for the first time ever in 2022
Clean energy investment hit $1.1 trillion globally in 2022, matching every dollar spent on fossil fuels for the first time ever. Electric vehicles led the charge, with spending jumping 54 percent in a single year to $466 billion. Wind, solar, batteries, and heat pumps all set records too — this wasn’t a fluke driven by one hot sector, but money moving across the whole clean economy. China poured in nearly half the total, sparking a kind of race that tends to push costs down for everyone. Parity isn’t the finish line — the world still needs to roughly quadruple this pace to hit net zero by 2050 — but it’s the moment the global energy story quietly flipped.









