
Trillions needed to save Europe’s power grid
Trillions of dollars in investment are needed to modernise Europe’s outdated power grid, avoid blackouts like Spain’s, and support rising renewable and electricity demand.
Trillions of dollars in investment are needed to modernise Europe’s outdated power grid, avoid blackouts like Spain’s, and support rising renewable and electricity demand.
Over 3,000 GW of renewable energy is stuck in grid connection queues due to outdated infrastructure, delaying the transition to a clean energy future.
Total energy investment is expected to exceed $3 trillion for the first time.
France, Paris: The International Energy Agency (IEA) has launched a platform through which 16 governments will share best practices to achieve energy efficiency.
Kandeh Yumkella, Former United Nations Under-Secretary-General, will become an advisor to the International Energy Agency on Africa and energy access issues.