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World Energy Investment Report 2021
June 10 , 2021
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- The International Energy Agency (IEA) has released the World Energy Investment Report, 2021.
- According to this report, global energy investment is expected to rebound this year and increase 10% year-on-year to around $1.9 trillion.
- Most of this investment will flow towards power and end-use sectors, shifting out of traditional fossil fuel production.
- The global energy demand is projected to rise 4.6% year-on-year in 2021, offsetting its contraction in 2020.
- Energy efficiency sector will see a 10% rise in investment, though the low fossil fuel price may act as a deterrent.
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