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Home > "Record Drop In Energy Investment, Warns International Energy Agency"

"Record Drop In Energy Investment, Warns International Energy Agency" [1]

"The coronavirus crisis is causing the biggest fall in global energy investment in history.

Before the pandemic, funding was set to rise 2%, but now it’s predicted to plunge 20%, says the International Energy Agency (IEA).

Fossil fuels are hit hardest, with a 30% funding drop expected for oil and a 15% fall for coal.

Renewables investment is down 10% - and it's only about half what’s needed to combat climate change."

Roger Harrabin reports for BBC News May 27, 2020. [2]

Climate Change [3]
Disasters [4]
Economy & Business [5]
Energy & Fuel [6]
Environmental Health [7]
Health [8]
International [9]
Public [10]
Source: BBC News [2], 05/28/2020
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Source URL:https://www.sej.org/headlines/record-drop-energy-investment-warns-international-energy-agency

Links
[1] https://www.sej.org/headlines/record-drop-energy-investment-warns-international-energy-agency [2] https://www.bbc.com/news/business-52812709 [3] https://www.sej.org/category/topics-beat/climate-change [4] https://www.sej.org/category/topics-beat/disaster [5] https://www.sej.org/category/topics-beat/business [6] https://www.sej.org/category/topics-beat/energy [7] https://www.sej.org/category/topics-beat/environmental-health [8] https://www.sej.org/category/topics-beat/health [9] https://www.sej.org/category/region/international [10] https://www.sej.org/taxonomy/term/81