About $131 trillion needs to be invested for clean energy by 2050 to achieve the Paris Agreement goals and halt the pace of climate change by transforming the global energy landscape, according to the findings by International Renewable Energy Agency (IRENA).
The report presents options to limit global temperature rise to 1.5°C and bring CO2 emissions closer to net zero by midcentury, offering high-level insights on technology choices, investment needs and the socioeconomic contexts of achieving a sustainable, resilient and inclusive energy future.
Meeting CO2 reduction targets by 2050 will require a combination of technology and innovation to advance the energy transition and improve carbon management; supportive and proactive policies; associated job creation and socioeconomic improvements; and international cooperation to guarantee energy availability and access.
