IEA chief: Electrification backed despite AI investment jitters
IEA chief said electrification remains supported by capital markets, though grid capacity and affordability challenges persist.
The International Energy Agency's chief said on Thursday the shift toward electrification remained firmly backed by capital markets even as grid capacity and affordability challenges persist. Asked about risks of over-investment in power infrastructure, including concerns over slowing artificial intelligence investment, the chief said the overall direction of investment support remained in place.