Renewable-Energy Spending Needs to Double by 2030, Irena Says

Governments should double total investment in solar, wind and other green technologies over the next decade to achieve “a pathway to climate safety,” the International Renewable Energy Agency said.

Renewables should generate 57% of electricity worldwide by the end of the decade, up from 26% today, Irena said Sunday in a statement. To reach that target, countries can redirect some of the $10 trillion earmarked for fossil-fuel projects and spend it instead on green power, the inter-governmental group said.