Ener2Crowd Report on Energy Finance: Fossil Fuels Drop to $900 Billion, Renewables Exceed $2.1 Trillion

In the energy sector, investments in the fossil fuel sector have decreased from $1.4 trillion to $900 billion from 2015 to date; while those in the “clean” sector have more than doubled, reaching over $2.1 trillion this year.

That is highlighted in the Ener2Crowd Report on Energy Finance 2024, according to which this year the amount of clean investments is more than double compared to those in traditional/fossil sectors.

“The overall amount of investments in the energy sector has exceeded $3 trillion” underlines Giorgio Mottironi, CSO and co-founder of the benefit company Ener2Crowd, Chief Analyst of the GreenVestingForum, the forum of alternative green finance, as well as Special Assistant to the Secretary-General for Environmental and Scientific Affairs of the World Organization for International Relations (WOIR).

“The role between the two sectors has completely reversed, even though fossil fuels are still being invested in and subsidized too much to the detriment of renewables, storage and energy efficiency” commented Niccolò Sovico , CEO and co-founder of Ener2Crowd.

Energy investments in the world

The main driver of growth is China, which invests in renewables more than double that of the EU and more than quadruple that of the USA. The latter are instead the main financiers of fossil fuels with approximately $200 billion allocated for this purpose for 2024.

Investments in the European Union are overall comparable to those in the United States, analysts note, but balanced in favor of the “clean” sector, thanks to sustainable transition policies, with a very important focus on energy efficiency in end uses where Europe maintains a strong cultural and technological leadership.

The leading technology in this significant growth in investment is solar photovoltaic, which has raised more funds than all other technologies (fossil and non-fossil) combined: $480 billion invested in 2023 with a projection of over $500 billion for 2024.

Where do the funds come from?

In the energy sector, most of the spending (investments) is supported by companies and governments, while private participation is 15%. But in the field of “clean energy“ the role of private individuals changes completely, reaching almost half of the spending supported.

“For our part, we offer people the opportunity to contribute effectively to the fight against climate change, financing 100% green projects, obtaining returns of up to 13% per year and guaranteeing a double benefit: economic for those who invest and environmental for the planet and the community” conclude the founding members of Ener2Crowd.

Who is Ener2crowd?

Ener2Crowd is a lending crowdfunding platform focused on sustainable investments, and is among the very first to be authorized by CONSOB under the new EU regulation.

The company was founded in 2018 by Niccolò Sovico , Energy and Nuclear engineer with experience in the USA, Sergio Pedolazzi, civil engineer with managerial experience in the energy saving sector; Paolo Baldinelli , degree in economics, with significant experience in the energy and consultancy sector and Giorgio Mottironi , expert in marketing and behavioral dynamics related to economic systems on the B2C and B2B market.

Launched at the end of 2019, since 2020, Ener2crowd has financed more than 130 ESG projects for 28 million euros of funding from over 10 thousand members and over 4 thousand investors.

In April 2020, the company also closed an equity crowdfunding campaign on Opstart, raising 255 thousand euros.

__

(Featured image by Jason Mavrommatis via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us