Developing economies will need to put $1 tn in renewable energy: IMF

Developing economies will need to put $1 tn in renewable energy: IMF

• By Staff Writer

The International Monetary Fund (IMF) on Friday said the investment needs of developing countries "solely in renewable energy could reach $1 trillion a year by 2030". The IMF said this funding would ensure the net-zero target of greenhouse gas emissions is achieved by 2050. The IMF said two-thirds of global greenhouse gases are emitted by developing economies and emerging markets.