"Record Drop In Energy Investment, Warns International Energy Agency"

"The coronavirus crisis is causing the biggest fall in global energy investment in history.

Before the pandemic, funding was set to rise 2%, but now it’s predicted to plunge 20%, says the International Energy Agency (IEA).

Fossil fuels are hit hardest, with a 30% funding drop expected for oil and a 15% fall for coal.

Renewables investment is down 10% - and it's only about half what’s needed to combat climate change."

Roger Harrabin reports for BBC News May 27, 2020.