70% Of New Generation Investment In 2021 For Renewables

IEA: $1.9 Trillion Global Energy Investment Expected In 2021, With Renewables—Led By Solar PV—Claiming 70% Of All New Generation Capacity Investment

Renewables are taking a large part of global investment in clean energy and energy efficiency since 2017, as the IEA graph here shows, but the agency believes to meet climate objectives, this would need to double in the 2020s to maintain global temperatures well below a 2°C rise and more than triple to ‘keep the door open for a 1.5°C stabilization’.

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