The International Energy Agency (IEA) has revealed that solar energy is attracting more funding than every other source of electricity combined. With photovoltaic solar infrastructure growing incredibly cheap over the last several decades, major territories such as the United States, China and Europe have embarked on a record run of solar installations. The result is historic levels of investment in the renewable source of energy, reports the IEA.
In 2024 alone, global investments in renewables will hit a whopping $2 trillion, two times the funds set to be invested in fossil fuels. IEA executive director Faith Birol noted that almost $2 go to clean energy for $1 that is invested in fossil fuels, including coal and natural gas. This is a clear win for renewables because…
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