Climate goals need clean energy surge in Global South: IEA

Financing for clean energy in developing and emerging economies excluding China must increase seven-fold within a decade if global warming is to be capped at tolerable levels, the International Energy Agency said Wednesday.

To keep Paris climate temperature goals in play, annual investment for non-fossil fuel energy in these countries will need to jump from $260 billion to nearly $2 trillion, the intergovernmental agency said in a report.