Investment in clean energy likely to be double figure for fossil fuels in 2024, IEA says
GuardianJUN 2024
This latest development marks a watershed moment in the power sector. If EU member states continue to invest in renewable energy and energy efficiency initiatives as planned, they will be on track to achieve their objectives and successfully transition away from fossil fuels.
Despite progress toward climate neutrality, the EU is still painfully reliant on the import of fossil fuels due to domestic supply challenges. While this report is exciting news, it shouldn't be used as an excuse to take the foot off the pedal; the EU is still far from its climate goals.
There is a 22% chance the EU will meet its 2030 targets under the Paris Climate Treaty, according to the Metaculus prediction community.