Global Economy's Future Is Electric, But Still Dirty, IEA Says
- Renewables investment fell 7% to $298 billion in 2017
- Fossil fuels in energy mix rose for first time since 2014
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More of the world will run on electricity in the future, but most of the power won’t be clean.
That’s the key message from the International Energy Agency’s latest report on investment trends released Tuesday. The Paris-based organization said that electricity generation attracted more capital than oil and natural gas for the second year in a row, but investment in renewables declined and is expected to keep falling.