It will not take too long for the world to come out of the historic 20 per cent fall in global clean energy investments, according to Fatih Birol, executive director, International Energy Agency (IEA).
Replying to questions by ETEnergyWorld at the launch of IEA’s report on Wednesday, Birol said that government policies will be critical for investments to come back on track.
“I hope this will not take too long because we are risking locking in our energy system, which is a big risk coming through,” he said.
On bringing back investments in these times he said government policies will play a critical role.
“If we leave everything to the markets… If there are no government policies put in place in order to have the clean energy investments rebound strongly, we will not be able to see investments coming in a strong way,” Birol said.