Helen Robertson, LONDON
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
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 said.
Between now and 2035, around $23 trillion will need to be
invested in fossil fuel production,...