IEA: Global energy investment to grow 8% in 2022
2022-06-24 15:59:03 [Print]
Global energy investment is projected to increase by 8% to USD2.4 trillion in 2022, with the anticipated rise coming mainly in clean energy, according to the latest report by the International Energy Agency (IEA).
Clean energy investment is expected to exceed USD1.4 trillion in 2022, accounting for 3/4 of the total figure.
Although encouraging, this investment growth level is still far from enough to tackle the multiple dimensions of today's energy crisis, the IEA warned. This is mainly due to the rise in global energy prices caused by the conflict between Russia and Ukraine and the resulting reinvestment in coal supply.
Clean energy investment is expected to exceed USD1.4 trillion in 2022, accounting for 3/4 of the total figure.
Although encouraging, this investment growth level is still far from enough to tackle the multiple dimensions of today's energy crisis, the IEA warned. This is mainly due to the rise in global energy prices caused by the conflict between Russia and Ukraine and the resulting reinvestment in coal supply.
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