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Global energy investment fell by 12% in 2016, says IEA annual energy report

Mimi Sabreena 9:25:00 AM Informasi

KUALA LUMPUR (July 12): Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the International Energy Agency’s (IEA) annual World Energy Investment report.

The report released yesterday said that global energy investment amounted to US$1.7 trillion in 2016, or 2.2% of global GDP.

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