Haberler    English    العربية    Pусский    Kurdî    Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 22/05/2019 22:55 
14.05.2019 11:35 News >> Global Energy İnvestments Rise By $1B After 3 Year Fall

Global Energy İnvestments Rise By $1B After 3 Year Fall

Oil, gas and coal supply spending increases, while fossil fuel based generation and renewable power investments fall.

Global energy investments increased by $1 billion year on year to $1.84 trillion last year after three years of decline, the International Energy Agency (IEA) said on Tuesday.

"More spending on oil, gas and coal supply was offset by lower spend on fossil fuel-based generation and renewable power," according to the IEA's World Energy Investment 2019 report.

Oil and gas investments reached $726 billion in 2018, up by 1.1% from the previous year. Out of all oil and gas investments, $477 billion was spent on upstream activities while the remaining $249 billion was used on downstream and infrastructure operations.

Coal mining and infrastructure investments increased to $80 billion, with a 2.56% boost from 2017 levels.

Last year, investments in power generation fell by 1.8% to $478 billion.

Global spending on power generation from nuclear energy remained unchanged at $47 billion while electricity generation from fossil fuels and renewables showed a decline. In electricity generation, fossil fuels and renewable investments totaled $127 and $304, respectively.

Electricity network and battery storage technology investments fell by 0.33% to $297 billion while energy efficiency investments reached $240 billion, a 0.41% increase compared to the previous year.

Investments in renewables transport and heat remained unchanged at $25 billion. -



        Latest News
Austria: Opinion Leaders Condemn Muslim Headscarf Ban 8 minutes ago...
Law bans headscarves for girls under age of 10 at all primary schools across country, including private schools.
Boxing To Stay İn 2020 Olympic Games 23 minutes ago...
International Olympic Committee recommends suspension of governing body AIBA.
Uk: Leader Of House Andrea Leadsom Resigns 23 minutes ago...
Leadsom's resignation comes day after PM Theresa May revealed her new move to break Brexit impasse.
Turkey Congratulates Azerbaijan On Republic Day 23 minutes ago...
Turkey's President Erdogan congratulates 'friend and brother Azerbaijan' on its May 28 Republic Day.
Middle Corridor' To Connect Eurasia: Turkish Minister 38 minutes ago...
Deputy Foreign Minister Yavuz Selim Kiran speaks at Congress at Trans Caspian Forum.

 
      Top News
Iran Seeks Peace, Security İn Region By Choice' Iran Seeks Peace, Security İn Region By Choice'
Turkey To Overcome Difficulties: Banker Turkey To Overcome Difficulties: Banker
Tokyo Wants Media To Switch Order Of Japanese Names Tokyo Wants Media To Switch Order Of Japanese Names
Eu Council Bans Single-Use Plastics For Cleaner Beaches Eu Council Bans Single-Use Plastics For Cleaner Beaches
Nearly 790 İrregular Migrants Held Across Turkey Nearly 790 İrregular Migrants Held Across Turkey
Turkey Condemns İmaginary Claims By Greek Politicians Turkey Condemns İmaginary Claims By Greek Politicians
North Korean Letter On Us-Seized Vessel Under Un Review North Korean Letter On Us-Seized Vessel Under Un Review
US Congress May Act On Khashoggi Murder, Says Fiancee US Congress May Act On Khashoggi Murder, Says Fiancee
Warriors Sweep Blazers, Advance To Nba Finals Warriors Sweep Blazers, Advance To Nba Finals
Cameroon Celebrates National Day İn Ankara Cameroon Celebrates National Day İn Ankara