Grid Upgrades Estimated To Cost Over $2.5 Trillion By 2035

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Grid Upgrades Estimated To Cost Over $2.5 Trillion By 2035
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The IEA is warning that the world's electric grids are not keeping up with the growth of clean energy technologies, posing risks to governments' climate goals.

Electricity grid capacity available in the world isn't keeping pace with the rapid growth of 'clean energy' technologies, possibly putting governments' climate goals at risk, according to a recent report by the International Energy Agency IEA. In order to achieve climate goals set by global governments, more than 80 million kilometers 49.

” A host of CO2 emissions rules and decades of efforts to limit fossil fuels have resulted in the retirement of coal and gas power plants at a pace faster than the installation of solar and wind facilities, it said. Since wind and solar are weather-dependent, there's a lack of reliable backup sources, raising concerns about potential power shortages, the group stated.

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