IEA: Renewable Energy Investment Needs To Triple By 2030

OilPrice.com | Oct 27, 2022 at 9:19 AM
  • 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.
  • Clean energy investment is massive today, but it needs to rise much more if the world has a chance to get to net zero by 2050.
  • Under the NZE Scenario, every $1 spent on fossil fuels needs to be outmatched by $5 spent on clean energy supply and another $4 on efficiency and end?uses by 2030.