• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 16, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Spend US$4 Trillion Investment in Clean Energy to Meet Climate Change Targets— IEA

M.Cby M.C
October 13, 2021
Reading Time: 3 mins read
M.Cby M.C
in Extractives/Energy, Around the Globe
0
net zero

Smoke coming out of chimneys image credit: Bloomberg

The International Energy Agency (IEA) has warned that to limit the rise of global temperature to 1.5 degree Celsius under the Paris Agreement, the world needs to invest nearly US$4 trillion in clean energy and infrastructure.

The warning comes as world leaders prepare to meet for the COP26 climate change summit, due to take place in Glasgow, UK starting from October 31, 2021 to November 12, 2021.  

“Getting the world on track for 1.5 degree Celsius requires a surge in annual investment in clean energy projects and infrastructure to nearly USD 4 trillion by 2030.”

IEA

While a few examples of developing economies have been successful in mobilizing capital for clean energy, the majority continue to face persistent challenges, the report reveals. For example, India’s success in financing an expansion of solar PV towards its 450GW target for renewables by 2030.

RelatedPosts

Energy Minister Applauds BOST, Urges Infrastructural Expansion

Food And Agricultural Organization (FAO) Marks 80th Anniversary

Ghana Champions Climate Resilience, Seeks CVF-V20 Board Seat 

In terms of renewable energy, investment needs to be tripled by the end of the decade if the global community is willing to tackle climate crisis and keep volatile energy markets under check.

climate
Climate financing

“The world is not investing enough to meet its future needs… Transition-related spending is gradually picking up, but remains far short of what is required to meet rising demand for energy services in a sustainable way. The deficit is visible across all sectors and regions,” IEA noted.

“Clear signals and direction from policy makers are essential. If the road ahead is paved only with good intentions, then it will be a bumpy ride indeed.” 

IEA
Private developers, others must lead energy-transition investments

According to the IEA, an international catalyst is essential to accelerate flows of capital in support of energy transitions. And by so doing, allow developing countries to chart a new lower emissions path for development.

ADVERTISEMENT

Primarily, private developers, consumers and financiers must champion transition-related energy investment via responding to market signals and policies set by governments, the report notes.

Meanwhile, the IEA reiterates that “a surge in spending to boost the deployment of clean energy technologies and infrastructure provides the way out of this impasse.” However, the pace at which this needs to happen must be swift, else “global energy markets will face a turbulent and volatile period ahead.”

investment
Dr Fatih Birol, Executive Director, IEA

The report further states that as electricity takes up a progressively larger share of household energy bills, governments have to ensure that electricity markets are resilient by incentivising investments in flexibility, efficiency and demand-side response.

The IEA Executive Director, Dr Fatih Birol commented, “The world’s hugely encouraging clean energy momentum is running up against the stubborn incumbency of fossil fuels in our energy systems…”

He further stated that “governments need to resolve this at COP26 by giving a clear and unmistakable signal that they are committed to rapidly scaling up the clean and resilient technologies of the future. The social and economic benefits of accelerating clean energy transitions are huge, and the costs of inaction are immense.”

READ ALSO: Ghana: Review Stabilisation Clauses in Petroleum Contracts to Allow Flexibility for Climate Change Policies

Tags: Clean energyclimate chnageEnergy transitionIEAinvestment
Please login to join discussion
Previous Post

Ghana Card for Salary can Cause Commotion- Austin Gameh

Next Post

GCB Bank Supports VTIF with GHC50k

Subscription Form

Related Posts

Energy Minister Applauds BOST, Urges Infrastructural Expansion
Extractives/Energy

Energy Minister Applauds BOST, Urges Infrastructural Expansion

October 16, 2025
FAO Director-General Qu Dongyu, addresses delegates.
Around the Globe

Food And Agricultural Organization (FAO) Marks 80th Anniversary

October 16, 2025
Hon. Issifu Seidu, Minister of State for Climate Change and Sustainability
Extractives/Energy

Ghana Champions Climate Resilience, Seeks CVF-V20 Board Seat 

October 16, 2025
High-level panel at Africa Energy Week (AEW): Invest in African Energies 2025
Extractives/Energy

Ghana Poised for 20% of West Africa’s $80 Billion Oil Market 

October 16, 2025
Aboadze-Tarkwa Transmission Line Suffers Disruption, Management Assures Swift Action
Extractives/Energy

Aboadze-Tarkwa Transmission Line Suffers Disruption, Management Assures Swift Action

October 16, 2025
PHDC Signs MoU with Chemexa Petrochemical
Extractives/Energy

PHDC Signs MoU with Chemexa Petrochemical to Construct Storage Tanks 

October 15, 2025
NPP Flagbearer Aspirants Urged to Focus on Real Issues, Responsible Leadership
General News

NPP Flagbearer Aspirants Urged to Focus on Real Issues, Responsible Leadership

by Silas Kafui AssemOctober 16, 2025
Debt Discipline Paying Off? IMF Projects Ghana’s Debt-to-GDP Ratio to Hit 59% by End of 2025
Economy

Debt Discipline Paying Off? IMF Projects Ghana’s Debt-to-GDP Ratio to Hit 59% by End of 2025

by M.COctober 16, 2025
Fmr Eastern Regional Minister Calls for Unity Ahead NPP’s Presidential Primaries
General News

Fmr Eastern Regional Minister Calls for Unity Ahead NPP’s Presidential Primaries

by Emmanuel Tibila BoasahOctober 16, 2025
Global Public Debt to exceed 100% of GDP by 2029, build buffers – IMF Warns
Economy

Global Public Debt to exceed 100% of GDP by 2029, build buffers – IMF Warns

by Michael Teye-Bio NaduteyOctober 16, 2025
France’s new Prime Minister, Sébastien Lecornu
Europe

Lecornu Survives Two No-Confidence Votes

by Comfort AmpomaaOctober 16, 2025
Energy Minister Applauds BOST, Urges Infrastructural Expansion
Extractives/Energy

Energy Minister Applauds BOST, Urges Infrastructural Expansion

by Bless Banir YarayeOctober 16, 2025
NPP Flagbearer Aspirants Urged to Focus on Real Issues, Responsible Leadership
Debt Discipline Paying Off? IMF Projects Ghana’s Debt-to-GDP Ratio to Hit 59% by End of 2025
Fmr Eastern Regional Minister Calls for Unity Ahead NPP’s Presidential Primaries
Global Public Debt to exceed 100% of GDP by 2029, build buffers – IMF Warns
France’s new Prime Minister, Sébastien Lecornu
Energy Minister Applauds BOST, Urges Infrastructural Expansion

Recent News

NPP Flagbearer Aspirants Urged to Focus on Real Issues, Responsible Leadership

NPP Flagbearer Aspirants Urged to Focus on Real Issues, Responsible Leadership

October 16, 2025
Debt Discipline Paying Off? IMF Projects Ghana’s Debt-to-GDP Ratio to Hit 59% by End of 2025

Debt Discipline Paying Off? IMF Projects Ghana’s Debt-to-GDP Ratio to Hit 59% by End of 2025

October 16, 2025
Fmr Eastern Regional Minister Calls for Unity Ahead NPP’s Presidential Primaries

Fmr Eastern Regional Minister Calls for Unity Ahead NPP’s Presidential Primaries

October 16, 2025
Global Public Debt to exceed 100% of GDP by 2029, build buffers – IMF Warns

Global Public Debt to exceed 100% of GDP by 2029, build buffers – IMF Warns

October 16, 2025
France’s new Prime Minister, Sébastien Lecornu

Lecornu Survives Two No-Confidence Votes

October 16, 2025
Energy Minister Applauds BOST, Urges Infrastructural Expansion

Energy Minister Applauds BOST, Urges Infrastructural Expansion

October 16, 2025
Subscription Form
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.