Investments in green energy has reached to $1 trillion in 2022

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Investments in green energy are increasing across the nations. 31% growth in investments in green energy has been seen as compared to 2021. Investments have risen to the point where they are equal to those in fossil fuels. The growth scenario of investment is more in green energy in the last five years as compared to fossil fuel. This means till 2025 investments in green energy could be double the investment in fossil fuel. This is the first time when the investment in green energy has reached in trillion figure. The top five countries which have invested the most in green energy are the USA, China, the UK, Germany, and France. China has invested the maximum followed by the United States and Germany is in the third position due to the largest EV market. By looking towards the current scenario, till 2025, India could also come under the top five countries list in terms of green energy investment. In the union budget 2023, India has targeted to invest INR 35000 crore into green energy transition. INR 19,500 crore was last year's investment in green energy. Majorly the focus of every nation is on solar energy, wind energy, green Hydrogen, and the electric vehicle transportation sector. Maximum investments have been seen in these four sectors to meet a net zero carbon emission rate and reduce the import of fossil fuels till 2050. The investments would be used for technology upgradation of green energy sources such as for EV batteries efficiency increment, Solar panels and modules modification, and Hybrid projects of Wind & Solar capacity extension.