Global Investments in Electricity Beat Investments in Oil and Gas for Second Year in a Row

Renewable Energy World: The International Energy Agency (IEA) is out with its final 2017 energy investment numbers and, for the second year in a row, more money was invested in electricity than oil and gas. Electrification spending was driven by investments in the grid. More than US $750 billion went to the electricity sector while US $715 billion was spent on oil and gas supply globally.  

IEA said that global energy investment totaled US $1.8 trillion in 2017.

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