Josh Saul and William Mathis

Government, Business, Technology, Fuel

Spending on Global Energy Transition Hits Record $500 Billion

An employee holds an electric charging plug at a refueling site in Hanover, Germany. (Alex Kraus/Bloomberg News)

The world spent a record $501.3 billion in 2020 on renewable power, electric vehicles and other technologies to cut the global energy system’s dependence on fossil fuels.

Josh Saul and William Mathis | Bloomberg News
January 19, 2021