IEA: World Must Triple Clean Energy Investment by 2030 to Curb Climate Change

IEA released its annual World Energy Outlook earlier than usual this year to guide the United Nations COP26 climate change conference, now less than a month away.

Noah Browning, Reuters

Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Oct. 13.

"The world is not investing enough to meet its future energy needs ... transition‐related spending is gradually picking up, but remains far short of what is required to meet rising demand for energy services in a sustainable way," the IEA said.

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