Corporate investment in solar projects reached US$10 billion in the second half of last year, recovering from economic shock induced by COVID-19, new research by Mercom has revealed.
The Queensland government has repeated a pledge to invest hundreds of millions of Australian dollars in the development of state-owned solar and wind farms in its latest budget, drawing criticism from environmental campaigners.
Clean energy segment has proved more resilient to COVID-19 fallout but current investment is 'nowhere near’ the levels needed to keep climate change at bay, global watchdog warns.