Energy Investments In A Transitioning World

Energy Investments In A Transitioning World

29 January 2016, IEA Staff PortraitsIEA, Paris, France Photo: IEA/Michael Dean

The ECOreport interviews Laszlo Varro, Chief Economist of the International Energy Agency (IEA) about energy investments in a transitioning world

By Roy L Hales

Though most of the world’s energy investments are still in fossil  fuels, their iron grip is weakening. The largest source of power investment was the $313 billion put into alternate energy sources like wind and solar. According to Laszlo Varro, Chief Economist of the International Energy Agency (IEA), last year there were more renewables coming online than the entire growth of the energy sector. In many developing countries, wind and solar are less expensive than using imported gas to produce electricity. Laszlo Varro, Chief Economist of the International Energy Agency, described energy investments as the world transitions to a low carbon economy.

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