-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
The International Energy Agency (IEA) said this week that global energy investment reached $1.
85 trillion in 2018, ending three consecutive years of negative growth, and the power sector was the largest investment area for the third consecutive year
.
By sector, upstream oil and gas project investment, including exploration, drilling and infrastructure, grew 4 percent in 2018 and investment in new coal resources grew 2 percent, the first growth
seen in the sector since 2012.
At the same time, investment in various new renewable energy sources fell by about 2%.
The IEA has warned that the world must double spending on renewable energy by 2030 and cut investment in oil and coal to maintain temperature targets
from the Paris climate treaty.
The report also notes that the lack of a clear policy direction on climate change is causing energy investors to shift to projects with shorter lead times and could lead to future supply-demand gaps
.
On current trends, funding to develop all types of energy, especially oil, gas and coal, will fail to meet projected global energy demand
over the next decade.
Fatih Birol, executive director of the IEA, said: "There is not enough investment in the world to maintain current consumption patterns
.
Nor is it investing enough in clean energy technologies to change course
.
Either way, we'll store the risk in the
future.
”
According to the IEA, investments in solar, wind, energy efficiency and carbon storage technologies reached $304 billion in 2018, but must double to $606 billion over the next decade to meet the target
.
At the same time, investment in nuclear power development must increase significantly, from $47 billion in 2018 to $76 billion, and investment in the grid and battery storage will need to increase by more than 50% to $464 billion
.
Overall, "achieving sustainability goals requires a wider range of inputs from fuel supply to electricity, but this is not happening at the moment," said
Tim Tim, head of the IEA's World Energy Outlook and Investment Department.
At the national level, China continued to be the largest energy investment market in 2018, but its lead narrowed
.
India is the second largest investment
after the United States.
However, the world's poorest regions still see a disproportionate lack of funding for any form of
new energy.
Sub-Saharan Africa, for example, "received only about 15 percent of investment in 2018, despite accounting for 40 percent of the global population," the IEA said
.
The International Energy Agency (IEA) said this week that global energy investment reached $1.
85 trillion in 2018, ending three consecutive years of negative growth, and the power sector was the largest investment area for the third consecutive year
.
By sector, upstream oil and gas project investment, including exploration, drilling and infrastructure, grew 4 percent in 2018 and investment in new coal resources grew 2 percent, the first growth
seen in the sector since 2012.
At the same time, investment in various new renewable energy sources fell by about 2%.
The IEA has warned that the world must double spending on renewable energy by 2030 and cut investment in oil and coal to maintain temperature targets
from the Paris climate treaty.
The report also notes that the lack of a clear policy direction on climate change is causing energy investors to shift to projects with shorter lead times and could lead to future supply-demand gaps
.
On current trends, funding to develop all types of energy, especially oil, gas and coal, will fail to meet projected global energy demand
over the next decade.
Fatih Birol, executive director of the IEA, said: "There is not enough investment in the world to maintain current consumption patterns
.
Nor is it investing enough in clean energy technologies to change course
.
Either way, we'll store the risk in the
future.
”
According to the IEA, investments in solar, wind, energy efficiency and carbon storage technologies reached $304 billion in 2018, but must double to $606 billion over the next decade to meet the target
.
At the same time, investment in nuclear power development must increase significantly, from $47 billion in 2018 to $76 billion, and investment in the grid and battery storage will need to increase by more than 50% to $464 billion
.
Overall, "achieving sustainability goals requires a wider range of inputs from fuel supply to electricity, but this is not happening at the moment," said
Tim Tim, head of the IEA's World Energy Outlook and Investment Department.
At the national level, China continued to be the largest energy investment market in 2018, but its lead narrowed
.
India is the second largest investment
after the United States.
However, the world's poorest regions still see a disproportionate lack of funding for any form of
new energy.
Sub-Saharan Africa, for example, "received only about 15 percent of investment in 2018, despite accounting for 40 percent of the global population," the IEA said
.
