Net zero by 2050 still possible with rapid renewables expansion: IEA

Achieving net zero by 2050 is still possible, but requires tripling renewable energy capacity by the end of the decade and increasing green investments to US$4.5 trillion ($6.16 trillion) a year globally by the early 2030s, according to a new report from the International Energy Agency (IEA). 

The assessment comes even as global greenhouse gas emissions reached a new record in 2022, fossil-fuel use increased and the world experienced its hottest summer on record.