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IEA: Renewable Energy Investment Needs To Triple By 2030
IEA: Renewable Energy Investment Needs To Triple By 2030
Investment in renewables must more than triple to $1.3 trillion annually by 2030 if the world is to reach net-zero emissions by 2050, the International Energy Agency (IEA) said on Thursday. Previously, the agency had estimated that clean energy would need $1 trillion in annual investment to reach the climate goals. In the World Energy Outlook 2022 published today, the IEA said that electricity generation from renewables needs to see one of the largest increases in investment in the Net Zero Emissions (NZE) Scenario, rising from $390 billion…