Tag: grid

Achieving national climate and energy objectives will necessitate the addition or replacement of 80 million kilometres of power lines by 2040, equivalent to the entire existing global grid, says the International Energy Agency (IEA). In its report Electricity Grids and Secure Energy Transitions," the IEA says that substantial changes in grid operations and regulations are imperative, and annual investments in grids need to double to over USD 600 billion by 2030.