Solar investment outshines oil: IEA 

Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels, the IEA said in a report Thursday. 

While that is a welcome development, the International Energy Agency warned that investment in fossil fuels is rising when it should be falling fast to achieve net zero emissions by 2050. 

“Clean energy is moving fast –- faster than many people realize,” IEA Executive Director Fatih Birol said in a statement accompanying the release of the agency’s latest report on energy investment.