Global energy investment out of step with security of supply, climate needs

A new report on global energy investment in 2018 points to an ongoing misalignment between approved expenditure on new fuel and power projects and meeting the twin goals security of supply and decarbonisation. The International Energy Agency’s (IEA’s) ‘World Energy Investment 2019’ report, released on Tuesday, states that global energy investment stabilised at $1.8-trillion in 2018, following three consecutive years of decline.