IEA warns of looming energy investment shortfall

04 June 2014

Helen Robertson, LONDON

A LOOMING energy investment shortfall risks derailing carbon-reduction targets the International Energy Agency (IEA) has warned.  
In a new report, World Energy Investment Outlook, the IEA said that to meet global energy demand, around $40 trillion will need to be invested by 2035, while a further $8 trillion will need to be spent on energy efficiency. 

"The reliability and sustainability of our future energy system depends on investment," IEA executive director Maria van der Hoeven said. "There is a real risk of shortfalls, with knock-on effects on regional or global energy security, as well as the risk that investments are misdirected because environmental impacts are not properly reflected in prices."

More than half of the $40 trillion needed to meet global energy demand by 2035 would have to be spent on maintaining current production levels rather than on developing new sources of supply, the IEA...

Please log in to read the rest of this article or if you are new to Petroleum Economist, take advantage of one week's free access and register here

If you have any queries about your account or problems registering please contact Alastair Noakes on +44(0)20 7779 8007 or

Login here

You must login to your account to read the rest of the article.


Register here

Create your online account to gain 7 days FREE access 


Related Articles


Latest issue: November 2015

China parks its tanks on the UK lawn

Some aspects of European energy markets continue to surprise, even after a decade or so of intended competition across the continent

View online now