• Global energy investment fell by 12% to $1.7trillion, some 2.2% of global GDP, in 2016, according to the IEA’s recently-released World Energy Investment 2017 report. The fall comes on the back of 2015’s 8% fall.
• Spending on electricity, at $718bn, overtook that on oil and gas ($649bn) for the first time. A record 43% of total spending, some $730bn, was on “clean energy.” Spending on energy efficiency measures grew by 9% to a record $231bn. (CONTINUED - 193 WORDS)
