Global energy investment this year is seen expanding by 10 percent from 2020 to $1.9 trillion, the International Energy Agency said in its World Energy Investment 2021 report. Energy demand is also on the rebound, and it is a strong one, with the IEA expecting it to expand by 4.6 percent this year, more than making up for the 4-percent contraction of last year. Investments in the power sector are set for a 5-percent increase this year, with renewables unsurprisingly taking the biggest share. These will account for 70 percent of 2021 investments in the power sector, or $530 billion out of a total $820 billion in power sector investments. The rest will be investments in energy storage and the grid. Investments in oil and gas exploration and production are set to rise by 10 percent this year, driven by recovering demand and the resulting higher oil and gas […]