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IEA: $48tn energy investment needed to meet demand by 2035

2014-06-03 13:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The International Energy Agency (IEA) has said that despite growth in recent years, investment in renewable energy sources is still much less than the finance poured into fossil fuels. The organisation added that in order to meet demand, countries must invest $2 trillion (1.2 trillion) annually in energy supply. A new report by the IEA has suggested that as energy demand is rising and global greenhouse gas emissions need to be kept under control to avoid disastrous climate change, the current...

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