Although a new “global energy economy” is emerging, the energy transition is still too slow, says the International Energy Agency’s (IEA) Energy Outlook 2021 report, published on Wednesday 13 October.
“Every data point showing the speed of change in energy can be countered by another showing the stubbornness of the status quo”, the report says.
According to the paper, public spending on sustainable energy in the post-Covid-19 economic stimulus packages has mobilised only about a...