Global energy investment must reach 48 trillion US dollars in the next 20 years

Abstract According to Xinhua News Agency, the International Energy Agency released a report in London on June 3, said that by 2035, global energy sector investment to reach $ 48 trillion to meet the world's energy needs. The report said that in 2013, the global investment in energy supply was 1.6 trillion US dollars, the future...
According to a report released by the Xinhua News Agency International Energy Agency in London on June 3, by 2035, the global energy sector investment will reach 48 trillion US dollars to meet the world's energy needs.

According to the report, the global investment in energy supply in 2013 was 1.6 trillion US dollars, and 2 trillion US dollars of investment per year is needed in the next 20 years to meet global energy demand. Of the $48 trillion in future investments, $40 trillion is invested in energy supply and the rest is for investments in energy efficiency.

In the next $40 trillion in energy supply investment, less than half of the investment to meet energy demand growth is used to compensate for the decline in existing oil and gas field production and to upgrade power plants and other facilities that have exceeded production life. .

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