Rapidly mobilise massive financing for clean energy alternatives: IEA

The world must move quickly to reduce carbon dioxide emissions from coal significantly in order to avoid severe impacts from climate change, a new IEA report said on Tuesday, calling for immediate policy action to rapidly mobilise massive financing for clean energy alternatives to coal and to ensure secure, affordable and fair transitions, especially in emerging and developing economies.

The International Energy Agency (IEA) special report — Coal in Net Zero Transitions: Strategies for Rapid, Secure and People-Centred Change — provides the most comprehensive analysis to date of what it would take to bring down global coal emissions rapidly enough to meet international climate goals while supporting energy security and economic growth,