According to the results of this year, the volume of investments to be made in solar energy for the first time will exceed the cost of oil production and will reach 1 billion dollars per day. Thus, the global energy market will see a “radical change” that will help create a new economy based on the use of environmentally friendly resources. opens The words of Fatih Birol, President of the International Energy Agency, from the Financial Times newspaper.
Annual investments in green (renewable) energy are expected to reach $1.7 trillion by the end of December 2023. This figure will be 24% higher than the 2021 level. At the same time, the article states that the cost to the oil and gas industry will only be $1 trillion, according to the IEA.
“In 2023, investments in solar energy will exceed oil production costs for the first time and will reach 1 billion dollars per day. If renewable energy investments continue to grow at the same pace as in the last few years <…>then we will soon see the birth of a completely new energy system,” Birol concluded.
8 May Vice-Chancellor, German Minister of Economy and Climate Protection Robert Habeck declarationGermany can independently meet only 30% of its “green” hydrogen needs. This type of fuel, produced using solar and wind energy, is the basis for the country’s refusal to use fossil energy sources.