News Formal

Clean energy investment: a tale of two halves

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The latest IEA investment report offers a nuanced look at the global flow of energy spending

Hello from London, where energy policy is a flashpoint in the UK’s general election campaign. Manifestos are being published this week ahead of the vote on July 4. The Conservative party plans to continue issuing licences for oil and gas drilling in the North Sea, and work towards decarbonising the electricity grid by 2035.

Yet the roughly $770bn to be spent on renewable power this year is only 5 per cent higher than in 2023, markedly down from the 22 per cent increase a year before. Tim Gould, IEA chief energy economist, said this was partly explained by falling costs for solar panels and batteries, boosted by manufacturing capacity in China and elsewhere.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia Urged to Boost Renewable Investment to Meet Clean Energy TargetAustralia needs to increase its annual investments in renewable energy projects to meet the government's 2030 clean energy target, according to a report by the Clean Energy Council.
Source: OilandEnergy - 🏆 34. / 68 Read more »