Clean energy investment needs to triple over the next decade, IEA says – The National

Clean energy investment needs to triple over the next decade, IEA says – The National

The International Energy Agency is urging countries to increase investments in clean energy and to divest from polluting fuels such as coal.

World oil demand is set to fall in the Paris-based agency's assessment of energy consumption until 2050.

Consumption of oil, the mainstay of global economy today, is set to decline to 75 million barrels per day from 100 million bpd. The decline will be made possible if countries continue to make the pledge towards reaching net-zero emissions by the middle of the century, in line with the 2016 Paris Agreement goals.