Indiary

Follow us
Back to Flash&Facts

Alert is also focused on Energy

The latest International Energy Agency report (IEA) sets the cat among the pigeons by estimating that future investments in energy would not be sufficient to satisfy global demand.The IEA says that in order to meet rising global energy needs, countries must invest more than USD 50 Trillion by 2035! Around USD 40 Trillion should be invested in energy supply and USD 14 Trillion in energy efficiency. And the main components of energy supply investment are USD 23 Trillion in fossil fuel extraction, transport and oil refining and almost USD 10 trillion in power generation.These figures show the amount of effort needed to ensure a sufficient supply of energy under economic conditions, that is to say at a sustainable cost for States and individual persons.This is undoubtely a major challenge for policymakers throughout the world. And it must be noted that today, given a low global growth, the financing is by no means guaranteed. But the IEA conclusions are very clear. They underline that the largest part of the needed investments, up to 60%, are required to offset the depletion of the resources available today and to replace power plants. Nearly two-thirds of energy supply investment will take place in emerging countries. Massive investments are the only solution to avert the risk of power blackouts or power rationing around the world.Indeed, Europe but also Asia could even lose control of their energy security. But these enormous sums of money represent also, especially with the development of more efficient technologies, a real opportunity to change the nature of the world energy system.

Post a comment

Please check that the information in the fields here below is correct.

Your comment is awaiting approval and will soon appear below!

Comments :

  • No comments

Newsletters

Stay Informed about the Latest News

Created by BlueLeaf.ch