IEA: Electricity powers past fossil fuels to claim investment top spot

Madeleine Cuff
clock • 4 min read

Clean energy investment as a share of global spend hits record high in 2016, driving electricity investment past oil, gas, and coal supply spend for the first time in history

The growing prominence of clean energy helped the electricity sector attract more capital than oil and gas extraction projects for the first time in history, according to new analysis released yesterday by...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Xlinks: UK-Morocco clean power link project scoops over $24m backing

Xlinks: UK-Morocco clean power link project scoops over $24m backing

Interconnector project to connect two countries' power systems wins $10.2m investment from GE Vernova and $14.1m from Africa Finance Corporation

Stuart Stone
clock 30 April 2024 • 3 min read
UK electricity networks offer earlier grid connections for 7.8GW of clean power projects

UK electricity networks offer earlier grid connections for 7.8GW of clean power projects

Grid connection dates for over 200 clean energy projects brought forward by an average of 6.5 years, National Grid reveals

Stuart Stone
clock 30 April 2024 • 4 min read
Study: Major steel, cement, and aluminium firms still off track for 1.5C goals

Study: Major steel, cement, and aluminium firms still off track for 1.5C goals

World Benchmarking Alliance research finds leading industrial manufacturing firms are failing to scale up clean tech R&D and align strategies with 1.5C compatible targets

Michael Holder
clock 30 April 2024 • 3 min read