Browsing: Global investments in Energy

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Global investment in energy is set to rebound to nearly 10 percent in 2021 to $1.9 trillion according to a report by International Energy Agency (IEA).

According to the report, there are signs that developers are using the opportunity provided by accommodative monetary policy and government backing to plan infrastructure developments and investments in new projects despite many energy companies being in a fragile financial state.

The anticipated improvement in investments in 2021 is a mixture of a recurring response to recovery and a structural change in capital flows towards cleaner technologies.

“With energy investment returning to pre-crisis levels, its composition is continuing to shift towards electricity: 2021 is on course to be the sixth year in a row that investment in the power sector exceeds that in traditional oil and gas supply.” World Energy Investment said in their 2021 report.

In 2021, the report noted that the global power …