• Oil spending falls below $500bn for third straight year
•Coal investment to reach $180bn
Emmanuel Addeh in Abuja
Global energy investment is projected to reach $3.4 trillion in 2026, with electricity infrastructure, renewable energy, storage and nuclear power accounting for the bulk of spending, a new report by the International Energy Agency (IEA) has said.
In its latest World Energy Investment 2026 report, the Paris-based agency stated that around $2.2 trillion of global energy spending this year would go into electricity grids, storage, low-emissions fuels, nuclear, renewables, energy efficiency and electrification.
