CCTV news client May 28 news, the International Energy Agency released a report on the 27th local time, said that the new coronary pneumonia epidemic hit the global energy sector investment, this year’s related investment expenditure is expected to be reduced by about 400 billion US dollars last year, a drop of 20% , The largest in history.
The report points out that the global energy investment is expected to increase by 2% at the beginning of this year, which is expected to be the largest annual increase in 6 years. However, the new coronary pneumonia epidemic has caused the economy of many countries and regions in the world to press the “pause button”, and investment expenditures in major industries in the energy sector have decreased, including oil, natural gas, coal and renewable energy. According to the International Energy Agency, global energy investment is expected to be slightly higher than US $ 1.5 trillion in 2020 and lower than US $ 1.9 trillion in 2019. The International Energy Agency Executive Director Birol said that he has never seen such a large-scale investment contraction, and the new coronary pneumonia epidemic crisis will lead to the largest decline in global energy investment over the years.
Despite the recent rebound in international crude oil prices, it is still below the “floor price” of US $ 40 per barrel, forcing energy companies to reduce capital expenditures. The International Energy Agency predicts that oil and gas investment will be reduced by nearly one-third, of which the US shale oil and gas will be the most affected. The clean energy industry is relatively less affected, but related investment expenditures have not increased significantly since 2015. The International Energy Agency emphasizes that although the epidemic crisis brings opportunities to correct the status quo of the energy industry, it may also “keep the world further away from sustainable growth goals.”
(Originally titled “The International Energy Agency estimates: Global energy investment will shrink by approximately US $ 400 billion this year”)