However, the Paris-based agency says that rapid increase in renewable energy deployment still makes it possible to turn the ship around.
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.
