Reuters.- The International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA) called on Wednesday for a massive increase in clean energy projects and policies at the upcoming UN climate summit COP26, as a cushion against volatility. Of the prices.

The call from the world’s major energy agencies comes after the United Nations warned this week that updated promises to cut emissions fell short and that COP26 could be the last chance to curb global warming.

“We have a very narrow window (…) This is really the decade where we want to see a solid foundation of stocks to focus on, so that we are really on track to reach net zero by mid-century, Gauri told Reuters. Singh, deputy director general of IRENA.

Mary Warlick, IEA’s deputy executive director, reiterated the agency’s call to triple investments in clean energy by 2030 to curb climate change.

“We need to massively increase investments in clean energy, as the longer the current mismatch and energy investment persist, the greater the risk of future price volatility and delayed climate action,” Warlick said at the Weekly conference. Singapore Energy International (SIEW).

“We look forward to receiving an unequivocal signal from governments at COP26 in Glasgow,” he said, referring to the global climate summit that begins on October 31.

Reaching the Paris Agreement target of net zero carbon emissions will require investments in a green transition worth between 2% and 3% of global production each year through 2050, far less than the economic cost of inaction, according to one Reuters poll of climate economists.

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“The rate at which renewable energies are expanding in countries has to increase now. And for that you do not need a gradual change in policies, but a radical change, ”said Singh. “Unfortunately, many countries do not yet have the right policies, which I think is very critical.”

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