Investment In Low-Carbon Energy To Hit $620 Billion This Year ...Middle East

Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage (CCUS) infrastructure, Rystad Energy research shows. The growth in total spending is a slowdown from recent years – which averaged 20% annual increases – as cost-conscious developers tighten their purse strings after two years of soaring prices. Investments in green sectors surged 21% in 2022 to overtake related oil…

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