Clean energy investment lacking in emerging economies – IEA
High costs of financing and other risks hold back investment in markets where it is most needed to curb emissions
Investment in clean energy in emerging and developing economies needs to rise from $150bn currently to over $1tn a year by 2030 to put the world on track to reach net-zero emissions by 2050, according to a joint report by the IEA and the World Bank. Unless much stronger action is taken, energy-related CO2 emissions from these economies—which are mostly in Asia, Africa and Latin America—are set to grow by 5bn t over the next two decades, the IEA says. “In many emerging and developing economies, emissions are heading upwards while clean energy investments are faltering, creating a dangerous fault line in global efforts to reach climate and sustainable energy goals,’’ says IEA executive directo
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