World’s clean energy transition ‘too slow’ — IEA

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Gulf
  • Date: 14-Oct-2021
  • Source: Jordan Times
  • Sector: Oil & Gas
  • Country: Gulf
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World’s clean energy transition ‘too slow’ — IEA

PARIS — The global transition to clean energy is still far too slow to meet climate pledges and risks fuelling even greater price volatility, the International Energy Agency (IEA) warned on Wednesday.

"We are not investing enough to meet for future energy needs, and the uncertainties are setting the stage for a volatile period ahead," said IEA chief Fatih Birol.

"The social and economic benefits of accelerating clean energy transitions are huge, and the costs of inaction are immense."

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