Utilities trillion investment power grid – Breaking News & Latest Updates 2026
Skip to main content
The homepageThe VergeThe Verge logo.
The homepageThe VergeThe Verge logo.

Energy and tech news at UN climate negotiations in Brazil

See all Stories

Posted
J
External Link
Justine Calma
Utilities around the world pledged $1 trillion in grid and renewable energy investments by 2030.

The Utilities for Net Zero Alliance made the announcement Friday during the UN climate conference taking place in Brazil. Investment need to grow from $390 billion in 2024 to $670 billion annually between now and 2030 to update power grids, according to the International Renewable Energy Agency (IRENA).

Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Comments
Loading comments
Getting the conversation ready...

Most Popular

Most Popular
  1. You’re about to feel the AI money squeeze
  2. Microsoft brings Xbox back, scraps Microsoft Gaming
  3. Leak reveals new Xbox Game Pass ‘Starter Edition’ that’s part of Discord Nitro
  4. THE PEOPLE DO NOT YEARN FOR AUTOMATION
    Video
  5. Anthropic’s Mythos breach was humiliating

More in News

BMW is one step closer to selling you a color-changing carBMW is one step closer to selling you a color-changing car
The RAM shortage could get even worse if Samsung labor protests cut productionThe RAM shortage could get even worse if Samsung labor protests cut production
360-degree cameras have a new superpower360-degree cameras have a new superpower
Tesla’s Cybercab goes into production — so why is Musk tapping the brakes?Tesla’s Cybercab goes into production — so why is Musk tapping the brakes?
Instagram has launched another Snapchat cloneInstagram has launched another Snapchat clone
China’s DeepSeek previews new AI model a year after jolting US rivals China’s DeepSeek previews new AI model a year after jolting US rivals 

Top Stories