Developing nations need boost to clean energy funds, says IEA. Annual clean energy investment in developing economies must increase seven-fold by the end of the decade if the world intends to reach net zero emissions by 2050, the International Energy Agency said on Wednesday.These countries are home to two-thirds of the world population and will represent 90 per cent of future emissions growth, yet they only receive 20 per cent of the funding that goes into low-carbon technologies and other green investments, the Paris-based body said.“The cost of capital and perceived risk is higher to invest in these countries, but emissions from Dhaka or Jakarta are just as important as London,” Fatih Birol, the IEA’s executive director, told the Financial Times.
FT 9th June 2021 read more »
Independent 9th June 2021 read more »
The Prime Minister’s proposal for a modern-day green Marshall Plan has a huge amount to recommend it, but can he really build a coalition to deliver such ambitious investment while cutting Overseas Development Aid?
Business Green 9th June 2021 read more »