Spending on oil and gas has fallen much more than investment in renewables, according to International Energy Agency.

The world’s transition to cleaner sources of energy is gaining speed as the coronavirus pandemic accelerates a shift in investment away from fossil fuels, according to the International Energy Agency.

Capital spending on energy this year is set to plunge by 18%, as global energy demand is expected to fall by 5% in 2020, a pullback not seen since World War II, the Paris-based agency said in its annual report on the future of the industry.

Coronavirus Pandemic Speeds Shift to Cleaner Energy | Devamı>>>