Investments In Electricity Exceeds ‘oil And Gas’ For Straight Second Year: IEA


Investments In Electricity Exceeds ‘oil And Gas’ For Straight Second Year: IEA

The electricity sector attracted the largest share of energy investments in 2017, surpassing the oil and gas industry for the second year in row, International Energy Agency (IEA) said today.

“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,” it said.

After several years of growth, combined global investment in renewables and energy efficiency dropped by three per cent in 2017 and there is a risk that it will slow further this year, it said.Read More

Leave a Reply

Your email address will not be published.