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World not moving fast enough on renewable energy, says IEA

Posted on 04 June 2014

Energy supply investement at $1.6trn annually but needs to rise to $2trn to stop dangerous global warming, energy thinktank finds. The world is not moving fast enough on investment in low carbon energy to tackle climate change, new research from the International Energy Agency has found.
About $1.6 trillion is invested annually in the global energy supply, but while that represents a doubling of investment since the turn of the century, the amount needs to rise to $2 trillion if the world is to limit global warming to no more than 2C of temperature rises, the energy thinktank said………………………………………..Full Article: Source


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