BAKU, Azerbaijan, April 30. Global investment in energy transition technologies has hit the ground running, seeing an 11 percent uptick compared to 2023, inching closer to a whopping $2.1 trillion.
Data obtained by Trend from the "Sustainable Finance Report" by the
Central Bank of Azerbaijan (CBA) indicates that the most
substantial capital allocations were directed towards electrified
transportation, amounting to $757 billion, followed by renewable
energy initiatives at $728 billion, and energy infrastructure
networks, which garnered $390 billion.
The aforementioned triad of sectors constituted a staggering 90
percent of the aggregate capital influx in the preceding fiscal
year.
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