Renewables to take lion’s share of energy investment in 2021, but still falling short of …

Renewables projects are expected to account for 70% of a record $820-billion in new power generation investment in 2021, as global electricity deployments exceed those of oil and gas for the sixth year in a row. Nevertheless, a new International Energy Agency (IEA) report warns that energy investments, while recovering from the Covid-linked slump of 2020, continue to fall well short of a net-zero emissions pathway.