IEA Predicts Biggest Collapse in Global Energy Investment in History

According to the International Energy Agency (IEA), the “lifeblood” of the global energy system is…investment. That is, money. Without investment, new sources of energy don’t appear. In 2016 IEA began to publish an annual report called World Energy Investment, in order to track spending on all forms of energy worldwide. Earlier this week IEA published its fifth annual version of the report. In the report, IEA says 2020, because of the coronavirus pandemic, will mark the largest-ever collapse in global energy investment in history. IEA says the coming investment decline will impact oil the most.

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