The International Energy Agency (IEA) has warned that the global cost of securing a clean energy future is rising by the year, AFP has reported. Surging electricity demand posed serious challenges, said IEA executive director, Maria van der Hoeven. “We must get it right, but we’re on the wrong path at the moment,” Van der Hoeven told reporters in the Seoul. The agency said an additional $44trn in investment was needed to secure a “clean-energy future” by 2050, compared with the $36trn it had estimated in its 2012 report. “The increase partly shows something the IEA has said for some time: the longer we wait, the more expensive it becomes to transform our energy system,” Van der Hoeven said.
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