Massive investment in renewable energy in the developing economies, which are set to produce most of the global emissions in the coming years and decades, will be necessary to achieve global climate goals, according to Fatih Birol, the Executive Director of the International Energy Agency (IEA). “If our aim is to reach net zero emissions, if our aim is to address the climate change globally… there is no way without hugely accelerating the clean energy investment in emerging countries we can reach this goal. No way whatsoever,” Birol said during an online meeting of the World Economic Forum on Wednesday, as carried by Reuters . Investments in clean energy need to nearly triple in order to kickstart a true energy transition in developing economies, the IEA’s Birol said. “When I look at the numbers, I don’t see a big jump in the appetite of investors,” Birol noted. “Our energy […]