Related Articles
Forward article link
Share PDF with colleagues

IEA warns of looming energy investment shortfall

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

Also in this section
Iraq - crude data
21 February 2017
Opec-member Iraq is cutting output, but the statistics are still confusing
Global oil demand - an inexact science
20 February 2017
Should you bet the house - or your company's drilling programme - on long-term forecasts for oil demand?
Mexico - opportunistic cutter
15 February 2017
Mexico will probably end up losing more oil supply in 2017 than it pledged to cut