Wednesday, 18 July 2018

Investment in energy fell again in 2017, raising fresh concerns about security and climate change

Investment in energy fell again in 2017, raising fresh concerns about security and climate change

The amount of money flowing into the energy sector fell for a third straight year in 2017, raising concerns about the world's ability to provide enough power and tackle climate change, the International Energy Agency reported Tuesday. On the whole, governments and businesses plowed $1.8 trillion into the infrastructure, equipment and resources that keep the world running. That means global energy investment fell by 2 percent from 2016 after adjusting for inflation, and the IEA warned the trend does not appear to be reversing.

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