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The global electricity grid will require adding or replacing 80 million km of grids by 2040 to meet climate targets and support energy security, according to the International Energy Agency.
According to the IEA, "the world must add or replace 80 million km of grids by 2040, equal to all grids globally today, to meet national climate targets and support energy security".
The global electricity grid will require adding or replacing 80 million km of grids by 2040 to meet climate targets and support energy security, according to the International Energy Agency.
Global policymakers and businesses must act fast to expand the power grids sector and boost its annual investment to $600 billion by 2030. The choice is 'either invest in grids today or face gridlock tomorrow', warns the International Energy Agency head.
A new IEA report on global electrical grids has found that 80 million kilometres of power lines will have to be replaced or added by 2040 to hit climate targets and ensure energy security.