A solar energy field next to the Lippendorf coal-fired power plant in Lippendorf, Germany on May 10, 2021. Jens Schlueter / Getty Images
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A new report from the International Energy Agency (IEA) says that investment in clean energy is “significantly outpacing” fossil fuel spending and will surpass it this year, with solar projects expected to exceed oil production expenditures for the first time.
According to the World Energy Investment report, the global energy crisis that followed Russia’s invasion of Ukraine, as well as the growing affordability of renewables, has given rise to more sustainable alternatives, sparking a rise in investments.
“Clean energy…
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