07/18/2018
Posted by: Windfair Editors
Not Enough Global Energy Investment in 2017
Official Press Release IEA:
Global energy investment in 2017 fails to keep up with energy security and sustainability goals
Wind Industry Profile of
The electricity sector attracted the largest share of energy investments in 2017, sustained by robust spending on grids, exceeding the oil and gas industry for the second year in row, as the energy sector moves toward greater electrification, according to the International Energy Agency’s latest review of global energy spending.
Global energy investment totalled USD 1.8 trillion in 2017, a 2% decline in real terms from the previous year, according to the World Energy Investment 2018 report. More than USD 750 billion went to the electricity sector while USD 715 billion was spent on oil and gas supply globally. State-backed investments are accounting for a... ... More: Official Press Release IEA
- Keywords:
- IEA, investment, global, renewable energy, sustainability, climate change, electricity
