IEA: Global energy investment down 8% in 2015 with flows signalling move towards cleaner energy
A newly released report by the International Energy Agency EIA shows that global energy investment fell by 8% in 2015, with a drop in oil and gas upstream spending outweighing continued robust investment in renewables, electricity networks and energy efficiency.
The report provides a comprehensive insight to the investments in the energy sector, across fuels, technologies and countries. The analysis reveal that the energy sector is undergoing extensive a reorientation toward low-carbon energy and efficiency. The government policies play a significant role in the energy transition.
While the report shows promising signs toward the clean energy investment on a global scale, it warns that “investment in key clean energy technologies needs to be further ramped up to put the world economy on track for climate stabilisation”.