The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge by $400-billion in 2020, a new International Energy Agency (IEA) report shows. Describing the slump as “unparalleled” and “staggering” in both scale and swiftness, the ‘World Energy Investment 2020’ report forecasts that global investment will fall by 20% when compared with 2019, with potentially serious implications for energy security and clean-energy transitions.
