Oil & gas spend 'bounces back' as global crises hobble energy transition capital shift: Irena

Record $500bn annual investment in renewables worldwide offset by rising expenditure in fossils after pandemic-induced decline, according to International Renewable Energy Agency report

Irena director-general Francesco La Camera, at COP27 in Sharm El Sheikh, Egypt
Irena director-general Francesco La Camera, at COP27 in Sharm El Sheikh, EgyptFoto: AFP/Getty/AFP via Getty Images/AFP via Getty Images/NTB scanpix
Published 22 February 2023, 14:00Updated 22 February 2023, 14:07