The IEA believes that up to $90tn of new energy investment is required to sufficiently reduce global carbon emissions and hopes the Paris summit will ignite an energy revolution through a wave of pledged investment. So far 155 countries have submitted plans for their Intended Nationally Determined Contributions (INDCs) ahead of the climate summit in Paris the next 20 years, which if achieved, will reduce carbon emissions between 30-40% over this December through a total of $13.5tn committed energy investment.
The IEA believes that up to $90tn of new energy investment is required to sufficiently reduce global carbon emissions and hopes the Paris summit will ignite an energy revolution through a wave of pledged investment. So far 155 countries have submitted plans for their Intended Nationally Determined Contributions (INDCs) ahead of the climate summit in Paris this December, which if achieved, will reduce carbon emissions between 30-40% over the next 20 years through a total of $13.5tn committed energy investment.