• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, July 6, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘$35trn Investment To Drive Global Energy Transition By 2030’

by Chika Izuora
2 years ago
in Business
IRENA
Share on WhatsAppShare on FacebookShare on XTelegram

The International Renewable Energy Agency (IRENA) has projected that the world would need around $35 trillion for transition technology by 2030, including improving efficiency, electrification, grid expansion and flexibility.

Advertisement

The agency said yesterday that global investments in energy transition technologies must more than quadruple annually to stay in line with commitments made under the Paris climate accord.

Investments in renewable energy technologies reached a record of $1.3 trillion last year but that figure must rise to around $5 trillion annually to meet the key Paris accord target of limiting temperature increases to 1.5 degrees Celsius (2.7 Fahrenheit) above pre-industrial levels, IRENA said.

Renewable energy deployment must grow from around 3,000 gigawatts annually today to over 10,000 GW in 2030, IRENA said, adding that, more equality is needed in renewable expansion between industrial and developing countries.

New renewable energy projects in China, the European Union and the United States accounted for two thirds of installed capacity last year, while Africa accounted for only 1 per cent of renewable capacity installed.

RELATED

African Manufacturers Urge Investment In Local Industries

African Manufacturers Urge Investment In Local Industries

11 hours ago
Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

11 hours ago

A fundamental shift in the support to developing nations must put more focus on energy access and climate adaptation, IRENA’s director general, Francesco La Camera said, while calling on financial institutions to direct more funds towards energy transition projects with better conditions.

IRENA called for directing planned fossil fuel investments -around $1 trillion of fossil fuel investments per year by 2030 – toward renewable energy technologies and infrastructure.

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Saudi Aramco To Build $10bn Refinery In China

Next Post

Value Of Fairly Used Cars Drops By 47% In 2022 – NBS

Chika Izuora

Chika Izuora

You May Like

African Manufacturers Urge Investment In Local Industries
Business

African Manufacturers Urge Investment In Local Industries

2025/07/06
Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners
Business

Regularise Property Titles For Sustainable Housing Security, LASG Urges Homeowners

2025/07/06
Notore Chemical Industries Delists From NGX
Business

Notore Chemical Industries Delists From NGX

2025/07/06
Business

PIA: PWDs Demand Inclusion In Niger Delta Host Community Board

2025/07/06
Share Local Content Success Strategies With Us, African Leaders Urge Nigeria
Business

Share Local Content Success Strategies With Us, African Leaders Urge Nigeria

2025/07/06
Burger King Recommits To Environmental Sustainability, Expands Footprint In Ogun
Business

Burger King Recommits To Environmental Sustainability, Expands Footprint In Ogun

2025/07/06
Leadership Conference advertisement

LATEST

‘How I’d Lead Nigeria As President’, Peter Obi Speaks On 2027 Plans

Ola Aina Signs New 3-year Deal With Nottingham Forest

I Never Worked For Abacha Or Any Gov’t – Peter Obi

JAMB Releases Results Of Mop-up UTME

WAFCON 2024: Super Falcons Cruise To Winning Start, Thrash Tunisia 3-0

Boko Haram Kills 9, Injures 4 Others In Borno

‘You Want To Rescue Your Stomach, Not Nigeria’, Wike Blasts Opposition Coalition Leaders

Okunbo Honoured At INC-America’s Convention

2027: Wike Cautions Nigerians Against Propaganda Of Opposition

PICTORIAL: Atiku Visits Kano To Mourn Death Of Dantata

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.