Record drop in energy investment, warns IEA think-tank
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The coronavirus crisis is causing the biggest fall in global energy investment in history.
Before the pandemic, funding was set to rise 2%, but now it’s predicted to plunge 20%, says the International Energy Agency (IEA).
Fossil fuels are hit hardest, with a 30% funding drop expected for oil and a 15% fall for coal.
Renewables investment is down 10% – and it’s…
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