illuminem summarizes for you the essential news of the day. Read the full piece on CNBC or enjoy below:

🗞️ Driving the news: Investments in biofuels, green hydrogen, and carbon capture technologies are on the rise, according to S&P Global's Gauri Jauhar
• Despite progress, fossil fuel companies still generate higher returns on capital employed, surpassing green energy firms by 8.3 percentage points on average

🔭 The context: While renewable energy investments are accelerating globally, particularly in biofuels and hydrogen, these technologies remain in the early stages and require stronger government support to stimulate demand and create sustainable markets

🌍 Why it matters for the planet: The shift to cleaner energy is crucial for reducing emissions and advancing global net-zero goals, but balancing this with energy security is key to ensuring a just and efficient transition

⏭️ What's next: Continued policy incentives and investments are needed to scale emerging clean energy technologies and overcome the current profitability gap between traditional fossil fuels and green energy

💬 One quote: "Fossil fuel-based companies... deliver on average about 8.3 percentage points higher [returns] than green energy companies," says Gauri Jauhar, S&P Global

📈 One stat: Indian energy companies are projected to spend $57 billion on clean energy initiatives by 2030

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