IEA Sees “Major Shift” – But It’s Not Major Enough

“A major shift in investment towards low-carbon sources of power generation is underway”, according to a first-ever detailed analysis of investment across the global energy system from the International Energy Agency (IEA).  Yet, in non-OECD countries, “investment in conventional generation remains strong”, with over 75 GW of coal-fired power plants starting operation in 2015 in “developing Asia” – “as much as all renewable capacity additions in the region combined”.  A “shift” may be underway – it is not going fast enough.

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