IEA: Climate and global energy security at risk without $600bn-a-year green grid upgrade

Michael Holder
clock • 8 min read
Credit: iStock
Image:

Credit: iStock

Paris Agreement goals risk slipping out of reach unless world doubles investment in preparing power grids for accelerated rollout of renewables, heat pumps, and EVs, International Energy Agency warns

More than $600bn a year of investment is urgently needed worldwide by 2030 in order to modernise electricity grids so they can cope with the huge influx of renewables, heat pumps, and electric vehicle...

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