Clean energy investment lagging behind global decarbonization goals
Investment in renewable power, accounting for two-thirds of all power generation spending, dropped 7% last year and "there is a risk" that it will slow more this year, IEA said.
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Investment in renewable power, accounting for two-thirds of all power generation spending, dropped 7% last year and "there is a risk" that it will slow more this year, IEA said.
The report from the U.N.'s Nobel Prize-winning climate panel aims to strenghten nations' actions under the Paris treaty.
High shares of renewables are being integrated in the power sector, but not fast enough to fight climate change.
IRENA, based in the United Arab Emirates, said 200 mostly European and North American companies reported more than half the electricity they consumed came from renewables.