"For every dollar invested in fossil fuels, about 1.7 dollars are now going into clean energy. Five years ago, this ratio was one-to-one," Birol said.

Hydropower currently provides 6% of all electricity in the United States and accounts for 32% of renewable-electricity generation, as well as 93% of all utility-scale energy storage.

Over $8 Billion Available Through Prizes, Private Capital, and a Conditional Loan Commitment Will Expand Access to Cheaper, Cleaner Energy for American Families and Deploy Solar Power to Underrepresented Communities

In the first quarter of 2023, the Government Pension Fund Global returned 5.9 percent, equivalent to 893 billion kroner.

Power Grid Corporation of India Limited (PGCIL) recently obtained approval to invest Rs.803 crore for electricity transmission projects in India.

A cumulative USD 150 trillion is required to realise the 1.5°C target by 2050, averaging over USD 5 trillion in annual terms.

The stricter guidelines come as the outlook darkens for limiting global temperature increases to around 1.5C, with a lack of financing for greener projects a key hurdle.

The fund returned -14.1 percent, or -1,637 billion kroner, in a year of rising interest rates, high inflation and war in Europe. However, the market value of the fund increased by 90 million kroner in 2022.

The Indian conglomerate Essar has announced that it will invest US$3.6bn in the United Kingdom and in India over the next five years through a new entity, named Essar Energy Transition (EET), with the goal to drive decarbonisation.

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), announced $2.52 billion in funding for two carbon management programs to catalyze investments in transformative carbon capture systems and carbon transport and storage technologies.

The programme aims to support projects that will help to develop supply chains for SMR manufacturing and fuel supply and security to support Canada’s SMR industry, and to fund research on waste management solutions to ensure that SMRs, and the waste they generate, will be safe now and into the future.

The Foundation for Energy Security and Innovation (FESI) will support DOE to carry out its critical mission to ensure America's continued security and prosperity through transformative science and technology solutions.

India plans to spend US$4.3bn on energy transition through the Ministry of Petroleum and Gas, including programs for green fuel, green energy, green farming, green mobility, green buildings, and green equipment and policies for efficient use of energy across various economic sectors.

In 2022, the Government Pension Fund Global returned -14.1 percent, equivalent to -1,637 billion kroner.

The Biden-Harris Administration, through the U.S. Department of Energy (DOE), today announced up to $47 million in funding to accelerate the research, development, and demonstration (RD&D) of affordable clean hydrogen technologies.