The latest edition of the International Energy Agency’s World Energy Investment report demonstrates how the global energy scene has changed from when the first edition of the report in 2015 showed energy
The latest edition of the International Energy Agency’s World Energy Investment report demonstrates how the global energy scene has changed from when the first edition of the report in 2015 showed energy investment in China just edging ahead of that of the United States.
Today, China is by far the world’s largest overall energy investor, spending twice as much on energy as the European Union – and almost as much as the EU and United States combined.
China’s share of global clean energy investment has risen from a quarter 10 years ago to almost one-third today. Spending on renewables and low-emissions fuels in the United States almost doubled over the last 10 years but is now set to level off as supportive policies are scaled back.
Meanwhile, spending on upstream oil and gas is gravitating towards large resource holders in the Middle East. The region’s share of global upstream investment is set to reach 20% in 2025 – the highest level on record.
Constrained spending in Russia has brought its share down to around 6%.
Many developing economies, especially in Africa, are struggling to mobilize capital for energy infrastructure. Currency depreciation and higher interest rates have made it more difficult
Content Original Link:
" target="_blank">
