International Energy Agency: Global Energy Investment will reach $ 3.3 trillion in 2025
Paris, June 5/ WAM/ The International Energy Agency said today, Thursday, that increased spending on clean energy will lead to pushing global energy investments to a record level of $ 3.3 trillion “2.89 trillion euros” in 2025 despite the state of economic blurring and geopolitical tension.
The agency said, in its annual report on global energy investment, that clean energy technologies, including renewable energy, nuclear energy and energy storage, are to attract investments worth $ 2.2 trillion, which is gay expected for fossil fuel.
The report indicated that the solar energy is expected to be the largest beneficiary, as it is expected that the investment will reach 450 billion dollars in 2025, and it is also expected that the spending on storing batteries will rise to about 66 billion dollars.
In contrast, expectations indicate a decrease in investment in oil and gas, with the decline in investment in excavation and oil exploration by six percent in 2025 due to low oil prices and demand expectations.
– Khal –
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