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IEA lays out ambitious financing needed for developing world’s energy transition

From ihsmarkit.com

Annual clean energy investment in emerging and developing economies needs to increase by more than seven times, from less than $150 billion in recent years to over $1 trillion by 2030, for the world to be on a path to reach net-zero emissions by 2050, according to a report from the International Energy Agency (IEA) and the World Bank. "Financing Clean Energy Transitions in Emerging and Developing Economies," published on 9 June, is the IEA's latest contribution to its recommendations on how to reach the target of the Paris Climate Treaty of a temperature increase of just 1.5 degrees Celsius compared with ... (full story)

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  • Category: Fundamental Analysis