Wednesday, July 12, 2017

Seven Charts Show Why the IEA Thinks Coal Investment Has Already Peaked

Global investment in energy supply, by fuel, 2000-2016 (columns) and the share of investment going towards fossil fuel supplies (orange line). (Source: IEA World Energy Investment 2017) Click to Enlarge.
Global investment in coal-fired power plants is set to decline “dramatically” after passing an all-time high during the past several years, says the International Energy Agency (IEA).

That’s one of the most striking messages from World Energy Investment 2017, published Tuesday.  The report, now in its second year, offers a comprehensive picture of energy investment from fossil-fuel extraction through to transport, energy efficiency and power networks.

The IEA report is not only backwards looking, reporting money already invested.  It also offers a glimpse of forthcoming trends, by reporting the value of decisions taken to invest in future.

Overall, investment fell again last year, as the oil-and-gas sector continued to cut back in response to low prices.  Steady investment in renewables, along with falling costs, saw 50% more capacity being added in 2016 than in 2011.  But gains for low-carbon wind and solar are being offset by declines in hydro and nuclear.

Carbon Brief has seven charts with the key messages from this year’s energy investment report.

Read more at Seven Charts Show Why the IEA Thinks Coal Investment Has Already Peaked

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