Global energy investments remain far from net zero pathway

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A new report by the International Energy Agengy (IEA) sees a rebound of the global investment in energy by nearly 10% in 2021. This is still not enough to reach the net zero pathway though.

Official Press Release IEA:

Global energy investments set to recover in 2021 but remain far from a net zero pathway

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Global energy investments set to recover in 2021 but remain far from a net zero pathway

As spending rebounds towards pre-crisis levels, not enough is going into clean energy, especially in emerging market and developing economies, new IEA report finds

Global investment in energy is set to rebound by nearly 10% in 2021 to USD 1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency. With energy investment returning to pre-crisis levels, its composition is continuing to shift towards electricity: 2021 is on course to be the sixth year in a row that investment in the power... ... More: Official Press Release IEA

IEA, investment, renewable energy, spending, net zero, pathway, developing economy, emerging market, clean energy, Covid-19, report, rapidly

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