IEA: World needs to triple investment in renewable power
Al Jazeera
Spends on the transition to renewable energy ‘remains far short’ of what’s needed to meet future demand sustainably: IEA.
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) has said.
“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 in its annual World Energy Outlook released on Wednesday.
“Clear signals and direction from policy makers are essential. If the road ahead is paved only with good intentions, then it will be a bumpy ride indeed,” it added.
