IEA: World Energy Investment 2021
On 2 June 2021, IEA launched a report named World Energy Investment 2021.
According to the report, Global energy investment is set to rebound by around 10% in 2021, reversing most of the drop caused by the pandemic
In this report
This year’s edition of the World Energy Investment report presents the latest data and analysis of how energy investment flows are recovering from the shock of the Covid-19 pandemic, including full-year estimates of the outlook for 2021. It examines how investors are assessing risks and opportunities across all areas of fuel and electricity supply, efficiency and research and development, against a backdrop of a recovery in global energy demand as well as strengthened pledges from governments and the private sector to address climate change.
The report focuses on two key questions: whether the growing momentum among governments and investors to accelerate clean energy transitions is translating into an actual uptick in capital expenditures on clean energy projects; and whether the energy investment response to the economic crisis caused by the Covid-19 pandemic will be broad-based or if some sectors, geographies and vulnerable parts of the world’s population will be left behind.
“The rebound in energy investment is a welcome sign, but much greater resources have to be mobilised and directed to clean energy technologies to put the world on track to reach net-zero emissions by 2050″, said Dr Fatih Birol, IEA Executive Director.