IEA: ‘Recovery in clean energy spending not enough to reach net zero’

Energy spending is forecast to recover to almost pre-pandemic levels this year – but the International Energy Agency (IEA) warns this is nowhere near enough to put the world on track for net zero by 2050.
The organisation has warned the gap between current investment trends and the needs of climate-driven scenarios is “a critical fault line in the clean energy transition“, stressing that significantly more investment needs to be directed into the clean energy sector, particular