I had no idea it had reached US$ 1tn Capex, that's an insane amount of money. That's 1/62th of what a Stanford study said would take to move the whole global population completely away from fossil fuels for our energy demands...
Green energy already sees nearly $2 trillion in yearly capex: https://www.iea.org/reports/world-energy-investment-2023/ove...
Total previous green investments are $8-10 trillion, while fossil fuel consumption's not gone down (fossil fuel investment is falling, though.) That Stanford study undercounts and presumes a massive increase in storage.
If really dig in, our current renewable layout focuses on the low hanging fruit, but storing solar energy till the night time or a different part of the year is infeasible (look into "duck curves") and currently done by burning natural gas. Current storage production is up a full magnitude, but we need multiple further magnitudes more to do a full transition. The increase in transmission lines alone is more than all known copper (mined and unmined).
This system has no imbued morals or ethics, and the more we try to imbue some to it the more it fights back (again, the ad nauseam "less regulation" repeated over here). We need a new system that evolves this bullshit into something more humane.
It's not like the USA with its hypercapitalism, and absurdly immense wealth has achieved the greatest utopia on Earth so we kinda know capitalism is not the final answer.