Russia's invasion of Ukraine could accelerate the transition from fossil fuels toward renewables, says the International Energy Agency's World Energy Outlook, published Oct. 27. But it also warned that clean energy investment in countries' current national plans must double to $4 trillion a year by 2030 to achieve net zero greenhouse gas emissions by 2050.
With high energy prices sparked by the Ukraine attack on Ukraine, "the energy world is shifting dramatically before our eyes," said IEA executive director Fatih Birol. "Government responses around the world promise to make this a historic and definitive turning point towards a cleaner, more affordable and more secure energy system.”