Achieving net zero by 2050 is still possible, but requires tripling renewable energy capacity by the end of the decade and increasing green investments to $4.5 trillion a year globally by the early 2030s, according to a new report from the International Energy Agency.
The assessment comes even as global greenhouse gas emissions reached a new record in 2022, fossil-fuel use increased and the world experienced its hottest summer on record. However, the Paris-based agency says that rapid increase in renewable energy deployment still makes it possible to turn the ship around.
