IEA warns world’s clean energy transition is ‘too slow’
Investment in renewable energy will need to triple by the end of this decade if the world’s climate pledges are to be met, the International Energy Agency (IEA) said on Wednesday.
The IEA, which advises governments on energy policy, released its annual World Energy Outlook (WEO) report Wednesday, just weeks before the United Nations COP26 summit in Glasgow.
The report also comes as power prices surge to record levels amid the easing of coronavirus restrictions worldwide.
The widely watched annual outlook shapes expectations among governments, companies and investors over the future use of coal, oil and gas.
