In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in global energy investment in history. Key takeaways “The coronavirus pandemic will slash energy sector investment by about $400bn this year — the biggest ever annual fall.” “The world could grow more dependent on cheaper, dirtier fuels that undermine global climate goals. “ “Global energy investment in 2020 will be just over $1.5tn compared with just under $1.9tn in 2019.” Fatih Birol, Chief of the IEA, told the Financial Times (FT): “This Covid crisis will lead to the biggest fall of global energy investment in history. We have never seen such a big decline.” “The entire system has been hit”. “My key concern is that the lockdowns may lead to a lock-in of inefficient [and dirtier]technologies in financially constrained emerging markets, which will have serious implications for global energy and climate trends,” Birol added. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crude Oil Futures: Look neutral near-term FX Street 3 years In a report published on Wednesday, the Paris-based International Energy Agency (IEA) highlighted that the coronavirus crisis causing biggest fall in global energy investment in history. Key takeaways “The coronavirus pandemic will slash energy sector investment by about $400bn this year — the biggest ever annual fall.” “The world could grow more dependent on cheaper, dirtier fuels that undermine global climate goals. “ “Global energy investment in 2020 will be just over $1.5tn compared with just under $1.9tn in 2019.” Fatih Birol, Chief of the IEA, told the Financial Times (FT): “This Covid crisis will lead to the biggest fall… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
