IEA: COVID-19 crisis causing the biggest fall in global energy investment in history
Green Car Congress
MAY 31, 2020
Oil accounts for most of this decline as, for the first time, global consumer spending on oil is set to fall below the amount spent on electricity. This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. —Dr Birol. —Dr Birol.
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