Global energy investment down 8% in 2015 with flows signalling move towards cleaner energy

A new IEA report – World Energy Investment 2016 – shows the electricity sector leading a broad reorientation of energy investment but warns more is needed to meet climate targets and address energy security concerns. In a first-ever detailed analysis of investment across the global energy system, the International Energy Agency (IEA) said on Wednesday that global energy investment fell by 8% in 2015, with a drop in oil and gas upstream spending outweighing continued robust investment in renewables, electricity networks and energy efficiency. ….