Governments currently plan to allocate an estimated US$470 billion for clean energy investment between now and 2030, up by 20 percent compared to plans in July, the International Energy Agency (IEA) said on Thursday, but noted that despite the increase, recovery is uneven and clean energy investment is not enough to prevent emissions growth. Between July and October, governments have made 40 new funding announcements and added spending figures and details to 140 previously announced spending programs, the IEA’s Sustainable Recovery Tracker showed . Government spending increased significantly in energy efficiency, clean fuels and innovation funding, as well as in low-carbon and efficient transport, adding to already strong levels of government support for these areas, the IEA said. The sustainable recovery spending, however, is highly imbalanced: advanced economies have made the most of the clean energy announcements, which still fall short of putting carbon dioxide (CO2) emissions on a […]