Paris [France], October 13 (ANI/Sputnik): An almost USD 4 trillion investment into clean energy is required to meet the Paris Agreement pledge to limit the global temperature increase to 1.5 degrees Celsius, the International Energy Agency (IEA) said in its World Energy Outlook 2021 report.

"Getting the world on track for 1.5 °C requires a surge in annual investment in clean energy projects and infrastructure to nearly USD 4 trillion by 2030," the report reads.

Also Read | India at UNGA: ‘Sustainable Development Will Only Be Achieved by Collective Efforts’.

The IEA mentioned some developing economies financing such projects, citing India's expansion of solar panels, while also noting "persistent challenges, many of which have been exacerbated by the [COVID-19] pandemic.

The IEA report was issued ahead of the UN Climate Change Conference, or COP26, which will take place in Glasgow from October 31 to November 12. The UN climate conference, which was cancelled last year because of the COVID-19 pandemic, will seek to speed up the implementation of the groundbreaking Paris Agreement that aims to bring annual global temperature increase to under 1.5 degrees Celsius. (ANI/Sputnik)

Also Read | G20 Summit On Afghanistan: PM Narendra Modi Stresses on Preventing Afghan Territory from Becoming Source of Radicalisation, Terrorism.

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)