EU Commission Calls for Unified Action for Equitable Energy Transition
European officials are pushing hard for a fairer distribution of clean energy investments after revealing some pretty stark numbers about who's actually benefiting from the global shift away from fossil fuels. The EU Commission has launched the Global Energy Transitions Forum to address what they're calling massive inequalities in how clean energy money gets distributed around the world. While global clean energy spending reached $2 trillion last year, with renewable technologies receiving ten times more funding than fossil fuels in the power sector, the vast majority of that investment is flowing to wealthy nations while developing countries get scraps. The…
