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According to a new IEA report, whilst spending is rebounding towards pre-crisis levels, not enough is going into clean energy.

IEA outlines major shortfall in investment in clean energy, energy efficiency and other decarbonisation measures at a critical moment for climate.

June 3, 2021 Clean energy investment remains far below what’s needed to effectively combat global heating, despite early signs that some of the world’s largest fossil energy players are accelerating their spending on green projects and technologies, warned the International Energy Agency (IEA). The world will see $750bn of investments in clean energy technologies and efficiency this year – but that needs to triple to give a chance of hitting net-zero emissions by 2050, said the IEA. The Paris-based body said total global energy investments will rebound from pandemic-induced falls seen i...

Power and renewables continue to hit new heights but investment must triple to meet climate goals, says International Energy Agency

Power and renewables continue to hit new heights but investment must triple to meet climate goals, says International Energy Agency