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1.5C goal only feasible with multi-trillion investment – IEA


26 Sept 2023 05:35

26 Sept 2023 05:35

(Montel) Global investment of USD 4.5 trillion/year is needed by the early 2030s to limit global warming to 1.5C, the International Energy Agency (IEA) said on Tuesday. 

The world was set to invest a record USD 1.8 trillion into clean energy this year, it added in a new report. 

However, this must climb to around USD 4.5 trillion a year by the early 2030s to achieve net-zero emissions and limit global warming to 1.5C, it said. 

Emissions to peak

Global carbon dioxide emissions from the energy sector reached a new record high of 37bn tonnes last…

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