02/06/2021 (Agence Europe) – After a decline in 2020 due to the Covid-19 pandemic, global energy investments are expected to rebound by nearly 10% in 2021 to reach $1.9 trillion, according to a new report by the International Energy Agency (IEA) published on 2 June. While the Agency welcomes this recovery, it also warns that the amount of money being spent on “clean energy” is far from meeting the climate goals of the Paris Agreement, particularly in emerging markets and developing economies. The IEA forecasts that renewables will account for 70% of the world’s total new investment in new power generation capacity in 2021. However, “far more is needed”, said Fatih Birol, the agency’s executive director, calling for a tripling of global investment in clean energy by 2030. See the report: https://bit.ly/3vLOL1N (DG)