'Deeply troubling': Covid-19 to spur record drop in global energy investment

Cecilia Keating
clock • 4 min read

IEA expects global energy investment to plummet by $400bn this year with major implications for renewables, energy efficiency and net zero

Global investment in energy could shrink by 20 per cent this year due to the Covid-19 crisis, with both renewables as well as fossil fuels set to suffer from what is gearing up to be the largest drop in...

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

More on Energy

How Europe's reliance on gas could increase electricity bills by up to €120 a year

How Europe's reliance on gas could increase electricity bills by up to €120 a year

Italy, Ireland, and the UK most exposed to energy bill increases given gas continues to dominate their wholesale power markets, IEEFA claims

Stuart Stone
clock 09 June 2026 • 5 min read
'For many businesses, energy is no longer a controllable overhead', government warned

'For many businesses, energy is no longer a controllable overhead', government warned

EXCLUSIVE: Reducing reliance on external energy markets must be treated as a core business priority, open letter argues

Stuart Stone
clock 09 June 2026 • 4 min read
Study: Share of fossil gas generation in global power mix falls for fifth year running

Study: Share of fossil gas generation in global power mix falls for fifth year running

Power generation from renewables continues to surge worldwide, as fossil gas power loses ground in the global electricity mix

Michael Holder
clock 09 June 2026 • 4 min read