The world must add or replace 80 million kilometers of electricity grids by 2040 for countries to meet their climate goals, according to the latest report published by International Energy Agency (IEA). The amount is equivalent to all grids currently in operation around the globe.
(Photo: IEA)
This is the first-of-its-kind report related to power grids and energy transition of IEA who calls for policymakers and companies to improve and expand grids. IEA estimates annual investment in grids needs to double to more than $600 billion by 2030, otherwise, efforts to tackle climate change and ensure reliable supplies of electricity could be put at risk.
