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

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

    Michael Holder

    clock • 8 min read

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    Credit: iStock

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    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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