- Clean energy investment has posted a 12% YOY growth since 2020, with global energy investment set to reach $2.4 trillion in 2022
- Renewable electricity capacity is projected to rise by over 60% by 2026, achieving 4,800 GW
- In June 2022, President Biden dropped tariffs on Southeast Asian solar panel imports for 24 months to accelerate clean energy product development in the country
- CIPI stands to benefit significantly from the increasing push to adopt clean energy
The International Energy Agency’s (“IEA”) World Energy Investment 2022 report, released in late June, noted that the global energy investment was set to reach $2.4 trillion in 2022, representing an 8% increase from 2020. Moreover, the report noted that since 2020, clean energy investment had grown significantly, posting a 12% year-over-year (“YOY”) growth, a notable increase from 2% posted within the first five years following the Paris Agreement in 2015 (https://ibn.fm/zBYv1).
In a report published in December 2021, the IEA noted that the world’s capacity to generate electricity from solar panels, wind turbines, and other renewable technologies, was on course to accelerate over the coming years. It also reckoned that 2021 was expected to set a new record for new installations, posting…
NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI
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