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Global Energy Spending Totaled $1.8 Trillion In 2017 As Clean Energy Investment Dropped 3%

Total global energy investment fell by 2% in 2017, totaling $1.8 billion according to the International Energy Agency’s World Energy Investment 2018 report which was published this week, which also showed $750 billion was spent on the electricity sector, compared to only $715 billion on oil & gas supply, while investment in renewables and energy efficiency fell by 3%. 

Ukraine’s Power Sector Is Set For A Major Transition

Ukraine’s power sector has seen few changes during the two decades after the dissolution of the USSR, as it continued to operate as part of an energy system inherited by the newly independent states.  For 20 years, it was rolling down the hill without a clear vision for the future. Now everything is about to change. Multiple pressures and opportunities have merged to open up a new pathway for the country: Ukraine can get on board of Europe’s grand energy transition by starting a profound transformation of its power sector.