Roger

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The coronavirus crisis caused the largest decline in global energy Investment in history.

Prior to the pandemic, funding will rise by 2%, But now it is predicted to plunge 20%, says The International energy Agency (IEA).

Fossil fuels are the most affected, with a 30% funding expected to fall to for the oil and 15% for the coal.

the investments in Renewable energies fell by 10% and it is only about half of what is needed to combat Climate Change .

Due to coronavirus-lockdown-of the measures imposed by many countries, for the period, The Decline in Investment leads to a decrease in planet-heating carbon emissions.

But the IEA warns that the use of fossil fuels is likely to recover when The Crisis is over, what increase in CO2 to a jump.

there is A reason for this, because in China and other Asian Nations orders are now set for a New Generation of coal-fired power plants, the energy supply of The Future .

“We are seeing a historical decline in emissions, But unless we have The Right , economic recovery packages, we might see emissions rise by leaps and bounds, and The Decline this year would be totally wasted," the IEA Executive Director , Fatih Birol told The Bbc .

“you Think crashing to the 2008-2009. We immediately saw a decrease in emissions, But then recovered. We need to learn from history. "

permits for new coal-fired power plants in The First quarter of 2020, especially in China, which were running at twice the rate observed over the year 2019, he added.

decreased Overall energy-Investment -nearly $400bn (£324. 3bn) short of what was expected in the year 2020, and the IEA says that it is supplied now serious doubts as to the safe energy, if the global economy picks up, since energy projects take so long to deliver.

The Report says that The Decline in Investment is "breathtaking" in its size and speed, mainly due to weak demand and low prices for energy, especially oil.

Dr. Birol said: “The historic leap in Investment , is deeply disturbing. It means lost jobs and economic opportunities today, as well as lost energy supply that we could need in the morning, as soon as the economy is recovering.

“The slowdown in spending also risks undermining the urgently needed transition to a Sustainable Energy system. "

the investments in renewable energy to fall

according to The Report , a combination of falling demand, lower prices and an increase in non-payment of invoices for energy sales, the governments and the industry are set to fall by well over a trillion US dollars in 2020.

the IEA's Fatih Birol warns of the need for more investments in Clean Energy

Oil accounts for most of the total of that decline. Shale Gas – previously falling the darling of the energy sector - expected to take the largest share of total matches, with a 50% stake.

the Investment in Renewable energies has been more resilient, But the expenditure for rooftop solar Systems has been greatly affected. To fall energy-efficiency also suffers as an Investment set, an estimated 10-15%.

The proportion of the world's energy, that the expenditure goes to Clean Energy finally, in around a third in the last few years.

In the year 2020, it will jump in the direction of 40% of the total Investment - But this is only relative, because the fossil fuels as a abuse.

Dr. Birol added: “The crisis of lower emissions, But for all the wrong reasons has brought. If We Are to have a sustainable reduction of global emissions, then we need to see a rapid increase in Clean Energy Investment . "

decisions of the Commission new coal-fired plants are More Than 80% since 2015, But to grow the global coal fleet.

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Source of news: bbc.com