IEA: Global energy investment will increase to US$1.9 trillion in 2021

China Petrochemical News Network reported on June 2 that the International Energy Agency (IEA) stated in its "2021 World Energy Investment Report" that global energy investment this year is expected to increase by 10% from 2020 to 1.

Energy demand is also rebounding, and the momentum is strong.

Investment in the power industry is expected to increase by 5% this year, of which renewable energy will undoubtedly account for the largest share, accounting for 70% of the power industry investment in 2021, or US$530 billion of the total US$820 billion investment in the power industry.

Driven by demand recovery and rising oil and gas prices, investment in oil and gas exploration and production is expected to increase by 10% this year.

It is estimated that approximately US$740 billion will be invested in clean energy technology and efficiency this year.

IEA also pointed out that there will be great differences in energy investment among countries.

Qiu Yin compiled from the oil price network

The original text is as follows:

IEA: Global Energy Investment To Rise To $1.

　　Global energy investment this year is seen expanding by 10 percent from 2020 to $1.

　　Energy demand is also on the rebound, and it is a strong one, with the IEA expecting it to expand by 4.

　　Investments in the power sector are set for a 5-percent increase this year, with renewables unsurprisingly taking the biggest share.

　　Investments in oil and gas exploration and production are set to rise by 10 percent this year, driven by recovering demand and the resulting higher oil and gas prices.

　　Some $740 billion is expected to be invested in clean energy technologies and efficiency this year as well.

　　The amount invested in energy will vary significantly across countries, the IEA also noted.