IEA reports global rise in power investment but Africa trails
Issue 330 - 16 Sep 2016
The International Energy Agency (IEA)’s World Energy Investment 2016 report, launched in London on 14 September, “shows the electricity sector leading a broad reorientation of energy investment”, as upstream oil and gas investment has slumped. The Paris-based agency’s data show investment in renewable energy accelerating at an impressive rate, although Africa’s performance remains patchy, even in industry leaders like Morocco and South Africa. Despite the global upturn in renewable energy, the IEA warned that “more is needed to meet climate targets and address energy security concerns”.
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