‘Green energy transition being hindered by lack of investment’

Spending deficit on renewable, clean energy sources risks future price spikes, according to the International Energy Agency chief economist

The European Union executive has presented a plan to end EU dependence on Russian fossil fuels and accelerate use of renewable energy. Picture: Getty

Not enough money is being put into the green energy transition, according the the chief energy economist of the International Energy Agency (IEA).

“We are simply not putting enough capital globally into the energy sector in order to shift us onto a new trajectory,” Tim Gould said.

Gould was addressing a discussion on the geopolitics of energy in Europe, hosted by The Institute of International and European (IIEA). He said not enough was being spent ...