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Energy supply requires $40T investment to 2035, IEA says

  • Meeting the world’s energy supply needs by 2035 will require more than $48T of investment, with more than half needed to compensate for declining output at mature oil and gas fields and the rest on finding new supplies to meet rising demand, the IEA says in a new report.
  • North American shale output is forecast to tail off from the middle of next decade, restoring the importance of supplies from the Middle East and OPEC.
  • Europe could face an energy shortfall if power companies and oil producers fail to invest ~$2.2T through 2035 to replace aging electricity infrastructure and meet regulatory goals to reduce carbon emissions, according to the agency, which advises industrialized nations on energy policy.
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Comments (5)
  • wigit5
    , contributor
    Comments (4055) | Send Message
     
    And don't forget you must do it without coal in the mix as well as by that time no coal company will have survived the onslaught it's taking now.
    3 Jun, 02:24 PM Reply Like
  • coelacanth10
    , contributor
    Comments (71) | Send Message
     
    Correct me if I'm wrong, but there's still more coal used in the world than any other single energy source. Presidents come and go, but coal will be an important source of energy in this country for the next 500 years. Now if we could only persuade the scaredy cats to start using the best, potentially safest, and cleanest alternative energy, which is, of course, nuclear.
    3 Jun, 02:43 PM Reply Like
  • wigit5
    , contributor
    Comments (4055) | Send Message
     
    You aren't wrong, and I hope coal is an important source of energy in this country for the next 50 years but it's hard to say the next 10 presidents will be any better than the current one...
    3 Jun, 02:57 PM Reply Like
  • SimonSaysShort
    , contributor
    Comments (105) | Send Message
     
    Using coal for the next 500 years...hahah what?
    3 Jun, 02:58 PM Reply Like
  • wigit5
    , contributor
    Comments (4055) | Send Message
     
    I think he meant 50 years that's why I put 50 lol if we're still using anything we use today in 500 years (that isn't renewable that is) science will have failed epic-ly
    3 Jun, 03:07 PM Reply Like
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