IEA reports global electricity investment, MidEast oil hikes
Issue 1022
- 23 Sep 2016
| 2 minute read
The International Energy Agency’s World Energy Investment 2016 (WEI 2016) report “shows the electricity sector leading a broad reorientation of energy investment”, as upstream oil and gas spending has slumped. The Paris-based agency’s data show an impressive rate of acceleration in renewable energy (RE) investment – not least in leading Middle East economies such as the UAE. However, oil will continue to play an essential role in both the Gulf region and the global economy.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles and set up news alerts.
Register