Want a clean energy transition? Better start putting cash into electrical grid

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Spending needs to double to $600B by 2030 if we want to stay within 2°C warming

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"The recent clean energy progress we have seen in many countries is unprecedented and cause for optimism, but it could be put in jeopardy if governments and businesses do not come together to ensure the world's electricity grids are ready for the new global energy economy that is rapidly emerging," said IEA executive director Fatih Birol.

In other words, we're already way behind where we need to be. The IEA has recommendations for policymakers to address the shortfall in grid investment, like securing supply chains that have been weakened since the COVID-19 pandemic and increasing digitalization, but whether the world can make such a drastic leap in such a short time is unclear at best. We asked the IEA for its thoughts on the matter but haven't heard back.

The UK hasn't been able to escape the bit barn crunch either, with power transmission problems arising in the London area that have caused

 

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