Set up renewable energy in developing world — report(FILES) This file photo taken on September 28, 2021 shows a general view of the Wujing Coal-Electricity Power Station in Shanghai. PARIS, France — Renewable power must be increased more rapidly in developing countries to ensure the energy transition necessary to limit global warming, according to a new report released Monday. The latest finding came from the International Renewable Energy Agency (IRENA), published shortly before the world convenes in Dubai for COP28. The world must also mobilise to reach 1,300 billion dollars annually in renewable energy investments by 2030, compared to 486 billion dollars in 2022, said the report. Africa received just two percent (60 billion dollars) of the cumulative 2,841 billion dollars invested in renewable energy worldwide between 2000-2020, the report noted.

Source: Philippine Star October 30, 2023 11:06 UTC