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The Investment Implications of Global Energy Trends

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  • Fatih Birol

Abstract

In the absence of new government policies or accelerated deployment of new technology, world primary energy demand is set to rise by 60 per cent from now till 2030. Some 85 per cent of this increase will be in the form of carbon-emitting fossil fuels: coal, oil, and natural gas. Two-thirds of the new demand will come from developing countries, especially China and India. The world will need to invest $16 trillion to maintain and expand energy supply to ensure this demand is met. If this investment is not forthcoming, the world economy may falter and someone, somewhere, will go without the energy he (or, more likely, she) needs. This article outlines the methodology that underpins these long-term energy-market projections and analyses the key obstacles to mobilizing capital on the required scale. Copyright 2005, Oxford University Press.

Suggested Citation

  • Fatih Birol, 2005. "The Investment Implications of Global Energy Trends," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 21(1), pages 145-153, Spring.
    • Handle: RePEc:oup:oxford:v:21:y:2005:i:1:p:145-153
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    Cited by:

    1. Mario Rodelo Sehuanes & Candy Chamorro González & Wendell Archibold Barrios, 2021. "Formación (en competencias) investigativa(s) en los estudiantes de contaduría pública: caso Universidad del Atlántico, Colombia, 2015-2019," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 29(2), pages 67-85, October.
    2. Kooijman-van Dijk, Annemarije L., 2012. "The role of energy in creating opportunities for income generation in the Indian Himalayas," Energy Policy, Elsevier, vol. 41(C), pages 529-536.
    3. Jonathan Perraton, 2006. "Heavy Constraints on a “Weightless World”?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 65(3), pages 641-691, July.
    4. Paul Anton Verwiebe & Stephan Seim & Simon Burges & Lennart Schulz & Joachim Müller-Kirchenbauer, 2021. "Modeling Energy Demand—A Systematic Literature Review," Energies, MDPI, vol. 14(23), pages 1-58, November.

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