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Chart: Global investment in the energy transition surpasses $2T
(www.canarymedia.com)
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this post was submitted on 08 Feb 2025
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Is it a transition or just addition?
It's both. Electrified transport and electrified heat are displacing fossil use directly. Global ICE sales peaked in 2017 and appear to be in permanent decline.
What matters is total carbon, and unfortunately 2024 appears to have been another record year. Hopefully 2024 was peak and 2025 is the start of declining carbon. Every other metric is just an interesting part of the overall story.