The world needs 48 trillion. dollars of investment to meet energy demand

Business Recorder reported that further development of the global economy will require 48 trillion. dollars of investment in the period up to 2035 in order to meet the growing demand for energy.

Countries must invest $ 40 trillion, according to a report released by the Paris-based energy policy group. dollars in the development of an energy supply system and 8 trillion. dollars in energy efficiency of production, mainly metallurgical and chemical industries, over the next 21 years.

Economic growth and improved living standards are the basis for increasing global energy demand, forcing governments to find ways and means to increase the supply of fossil fuels and renewable energy.

The agency said global energy demand is projected to grow by a third by 2035, of which 90 percent will come from developing countries. The world has invested 1.6 trillion. dollars in 2013 in the development of energy supply, which is almost twice as much as investments in 2000, and these investments should constantly increase.

Until 2035, the annual investment figure is expected to be at the trillion dollar level. In addition, the report indicates that most of the investment of 40 trillion. The dollars expected for the development of energy supply must be invested in the extraction of fossil fuels, transport infrastructure and oil refining. This figure should be $ 23 million.