The International Energy Agency (IEA) and International Renewable Energy Agency (IRENA) on Wednesday called for a massive scale-up in clean energy projects and policies at the upcoming U.N. COP26 climate summit as a buffer against volatile prices.
“We are sitting in a very narrow window … So, this is really the decade, where you want to see a strong foundation of actions being focused upon, so that we are actually on track to reach net zero by the mid-century,” Gauri Singh, IRENA’s deputy director-general told Reuters.
“We need to massively scale up clean energy investment as the longer today’s mismatch and energy investment persists, the greater the risk of future price volatility and delayed climate action,” Warlick told the Singapore International Energy Week (SIEW) conference.
“We look forward to an unmistakable signal coming from governments at COP26 in Glasgow,” she said, referring to the global climate summit that starts on Oct. 31.
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