Achieving net-zero emissions by 2050 and restricting rise in global temperature to 1.5°C is still possible but tougher now, according to International Energy Agency (IEA).
Meeting these goals will require tripling renewable energy capacities to 11,000 GW by 2030, increasing annual investment in clean energy from $1.8 trillion in 2023 to $4.5 trillion by the early 2030s, driving large portion of the investment to emerging and developing economies, the IEA said its updated report to the 2021 Net-Zero Roadmap.
