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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Madeleine Cuff
Author spotlight

Madeleine Cuff

View profile
More from Madeleine Cuff

From SEMTA to Enginuity: Engineering skills body rebrands

Inside Enginuity's plan to build a workforce for the future

More on Energy

Study: Global renewables deployment proving 'far faster' than expected
Energy

Study: Global renewables deployment proving 'far faster' than expected

New analysis from Ember suggests global clean energy deployment has put target to triple renewable capacity by 2030 within reach

Stuart Stone
Stuart Stone
clock 06 November 2025 • 3 min read
'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market
Energy

'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market

New report from Pexapark attributes recent slowdown in number of clean energy PPAs to price divergence between developers and corporate customers - but could the energy storage boom spark a revival?

Amber Rolt
clock 05 November 2025 • 6 min read
Government moves to cut energy costs for UK industry by £420m from next year
Energy

Government moves to cut energy costs for UK industry by £420m from next year

Around 500 energy intensive businesses across sectors such as steel, cement, glass and chemicals offered extra discount on energy network charges

Michael Holder
Michael Holder
clock 31 October 2025 • 3 min read