IEA: Annual Energy Grid Investments Need To Double To $600 Billion  

Global annual investments in energy grids need to double to more than $600 billion a year by 2030 if the world is to achieve the national climate and energy goals, the International Energy Agency (IEA) said in a report on Tuesday. The world needs major changes to the grid and reaching net-zero targets will also require adding or replacing 80 million kilometers of power lines by 2040 – an amount equal to the entire existing global grid – according to IEA’s new report Electricity Grids and Secure Energy Transitions. To achieve countries’…