The Global Energy System Is Like a Troubled Tween

Infinite headlines about restoration packages might counsel a river of public cash is flowing into renewables. But the IEA says that, of roughly $16 trillion governments threw into the pandemic’s financial breach, lower than $400 billion, or 2.4%, was directed at clear vitality infrastructure. The IEA’s estimated funding requirement to achieve net-zero emissions by 2050 is, for this decade, $4 trillion — per 12 months. That’s 4 instances the common spent over the previous 5 years.