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Energy efficiency investment to hit $660bn in 2024

image sourced from original article at https://www.arabnews.com/node/2578375/business-economy

The International Energy Agency (IEA) predicts that global investment in energy efficiency will reach $660 billion in 2024, with significant increases expected in emerging markets. However, to meet net-zero targets by 2030, investment needs to rise to $1.9 trillion. Skilled labor shortages in the energy sector pose a major challenge, with the IEA calling for more inclusive policies to encourage greater participation of women. The report also highlights the urgent need for energy-efficient cooling solutions and emphasizes the critical role of energy efficiency in reducing reliance on fossil fuels.

Original article source: https://www.arabnews.com/node/2578375/business-economy
Source Id: 2024-11-538644505

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