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Last updateThu, 29 Jul 2021 9pm

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Global Energy Investments Set to Recover in 2021

Global investment in energy is set to rebound by nearly 10% in 2021 to $1.9 trillion, reversing most of last year’s drop caused the COVID-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency.

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, according to the World Energy Investment 2021 report. 

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