Investment In Global Energy Generation To Fall By $400 Billion :: The Independent Global Nuclear News Agency: Investment in global energy will fall by $400bn this year, the biggest slump in the industry’s history, as the Covid-19 pandemic fuels a collapse in energy demand.
The International Energy Agency said in a report the unprecedented investment slump follows the most severe plunge in energy demand since the second world war.
The IEA said the decline in investment is “staggering in both its scale and swiftness” and will impact every major sector, from fossil fuels such as oil, gas and coal to renewable sources including wind and solar power.
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