Energy transition investments hit $1.1 trillion — with a T — last year

Here comes the hockey stick.
After years of bumbling along, investment in the energy transition appears to be taking off. Businesses, financial institutions, governments and end users around the world sunk $1.11 trillion into low-carbon technologies, according to a new report from BloombergNEF. It was just over 30% more than 2021 and the second year in a row in which the growth rate exceeded that figure.
Perhaps more notable is the fact that for the first time ever, money put into the energy transition matched funds spent on fossil fuel investments. If you count the $274 billion spent on impro

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