IEA Report Projects Surge in Low-Carbon Investment in 2021 Offset by Rising Spending for Fossil Fuels

SUGAR LAND, TEXAS--June 4, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Global investment in energy is expected to rise about 10% this year to about $1.9 trillion, bringing it back to pre-pandemic levels, but worldwide energy use and carbon dioxide (CO2) levels also are projected to rise, making it harder to achieve the goals of the Paris Agreement to limit global temperature increases, according to a new report from the International Energy Agency (IEA) (Paris, France).