The amount of capital investment flowing into the solar sector is poised to overtake the amount of investment going into oil production for the first time ever in 2023.
iShares Global Clean Energy ETF But it’s not all doom and gloom for the clean energy sector. Last month, that the volume of capital investment flowing into the solar sector is poised to overtake the amount of investment going into oil production for the first time ever in the current year.
Since the energy crisis hit two years ago, many of the world’s governments have doubled down on renewable energy since they view the sector as an ideal way to not only decarbonize but also achieve energy security. Further, several oil producing hubs including Saudi Arabia and UAE are investing heavily in renewable energy as they try to diversify their economies.Cheaper than oil and gas
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