Global energy investment is expected to plunge by 20%, or almost $400 billion, in 2020 as the COVID-19 crisis risks slowing the world’s transition to cleaner and sustainable energy systems, the International Energy Agency said Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Through a combination of falling demand, lower prices and a rise in non-payment of bills, world energy revenues flowing to governments and industry are set to shrink by well over $1 trillion this year, according to IEA’s World Energy Investment 2020 report. Set to be the largest ever collapse in global energy investment in history, the decline will take the heaviest toll on oil, said the IEA, with global consumer spending […]