Investment in renewable energy skyrocketed over recent years and 2023 marks an inflection point between funding for green solutions and the financial backing of fossil fuels . The IEA said this year that annual clean energy investment is expected to reach an increase of 24 % for the period of 2021 to 2023 , and fossil fuels 9 % less growth as it begins its descent into the history books .

While countries demonstrate their commitments to renewable energy adoption , many of them struggled to maintain closures of power plants during current global disruptions , but with US $ 2.8tn to be invested across the globe by the end of this year , fingers crossed they can close for good .

12 August 2023