IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals

IEA: Shift to clean energy accelerating, but coal investments too high to meet climate goals

10 months ago
Anonymous $KxGqLmj_R3

https://apnews.com/article/energy-investment-renewable-coal-solar-iea-b29330fe1b59126bdde1e47328d9001c

JAKARTA, Indonesia (AP) — Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday.

But investments in coal are on course to rise by about 10% in 2023, nearly six-times what the IEA has estimated they should be for the world to end its reliance on fossil fuels and achieve emissions cut goals for countering climate change, it said.