The International Energy Agency predicts that global spending on renewables, nuclear, energy efficiency, and low-emissions fuels like hydrogen will surpass $2 trillion in 2024, doubling the amount spent on fossil fuels. This significant shift reflects a growing trend towards clean energy, with solar energy leading the transformation by surpassing spending on all other forms of power generation combined, reaching $500 billion. The report highlights a nearly 6 percent growth in clean energy spending, making it clear that the momentum behind the global energy transition is strong. Despite challenges such as an increase in new coal capacity and continued spending on oil and gas production, there is evident progress in clean energy investment in emerging markets and the U.S. The findings suggest a positive direction towards climate goals, with renewables expected to dominate clean energy spending in 2024 at $771 billion. Energy efficiency measures and grid/storage investments are also on the rise, indicating the acceleration of the global energy economy.