China invests almost 4 times more in clean energy than in fossil fuels

The world will invest $2 trillion in clean energy this year, according to a new report from the International Energy Agency (IEA).

This is roughly double the amount being put towards fossil fuels, the agency said.

China is putting 3.7 times more money into clean energy than it is investing in fossil fuels. The world is still off track for the goal of tripling renewables by 2030, said another new IEA report.

Source: IEA, June 2024.