News

World news Bookmark and Share

17.07.2018 10:24
International Energy Agency warns over decreased global investment in renewables
AUTHOR: publics.bg


  • © IEA

The IEA has warned over a “worrying” pause in the transition to clean energy after global investment in renewables fell 7% to $318bn in the last year, The Guardian reports.

The Agency stated that the decline is to continue in 2018, threating energy security, climate change and air pollution goals. For the first time since 2014, fossil fuels increased their share of energy supply investment to $790bn.

The World Energy Investment report has found that, investment in coal power dropped sharply but was offset by an increase in oil and gas investment.

The executive director of the IEA, Dr Fatih Birol, said: “We are seeing a decrease, which is disappointing. And more disappointing is we see the signs this decline may decline this year – this is a worrying trend.”, regarding renewable energy sources.

The warm words of world leaders regarding renewables need to be matched with action, Birol stated, urging governments to create less investment uncertainty for renewable energy.

Although the decline in investment was mostly due to falls in wind and hydro, solar investments hit record levels. On the fossil fuels side, investment in coal fell to its lowest in the last 10 years, but spending on gas-fired power plants rose 40%. Nuclear power also fell sharply to the lowest level of investment in the last five years. The rise of fossil fuels investment is mainly due to the rising prices, The Guardian reports.


TAGS: IEA | renewables | investment | fossil fuels 


All world news

No published comments
Login to comment


Interview

17.09.2020  Boyana Achovski, General Secretary of the international organization Gas Infrastructure
In both short and long term, gas will continue being part of the energy mix of Southeastern Europe
Full text

Events

No records in this category!

Poll

publics.bg asks: What will you use to heat your homes this winter?









 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X