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
Spikes and troughs
12 April 2017
Only real supply-side intervention has stopped oil-price volatility. But those days are gone, argues Bob McNally's new book
More boom, more bust for oil
12 April 2017
The industry's history suggests that Opec’s latest efforts to stabilise the oil price will not be successful
As good as it gets for Opec
20 March 2017
Compliance with the Opec deal is defying the group's sceptics. How long can it last?