Global energy investment to hit record $3.4tn despite Middle East conflict: IEA

RIYADH: RIYADH: Global energy investment is projected to rise 5 percent to a record $3.4 trillion in 2026 despite the ongoing conflict in the Middle East, with governments and companies accelerating efforts to diversify supply routes and strengthen energy security, according to an analysis. The International Energy Agency said around $2.2 trillion is expected to flow into renewables, nuclear power, grids, storage, low-emissions fuels, efficiency and electrification this year, compared with approximately $1.2 trillion earmarked for oil, natural gas and coal.

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