Clean energy investment must triple by 2030 – IEA

Key role for startups as clean technology market hits $27tn under 2050 net-zero scenario, IEA says

Global investment in clean energy must more than triple from current levels to $4tn by 2030 to achieve net-zero emissions in 2050, according to the IEA. “The world’s hugely encouraging clean energy momentum is running up against the stubborn incumbency of fossil fuels in our energy systems,” IEA executive director Fatih Birol said as the agency launched its World Energy Outlook 2021 report.  “Governments need to resolve this at Cop26 by giving a clear and unmistakeable signal that they are committed to rapidly scaling up the clean and resilient technologies of the future.” The IEA report points to the market opportunities presented by the transition. Under its 2050 Net-Zero Emissions (NZE) s