IRENA Says Investments of $35 Trillion Needed by 2030 for Successful Energy Transition

IRENA’s World Energy Transitions Outlook Preview warns of insufficient progress towards the 1.5°C climate target and calls for a strategic shift towards sustainable energy. The Preview identifies physical infrastructure, policy and regulatory enablers, and a skilled workforce as priority pillars of the energy transition, requiring significant investment and cooperation. It calls for a change in the volume and type of investments towards transition technologies and infrastructure, and public sector intervention to channel more funds towards developing countries. The forthcoming 2023 edition of the World Energy Transitions Outlook will propose ways to accelerate progress towards 2030.



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