IEA is concerned about lacking investments for clean energy | January 2008
 

Compared to the previous study in 2004, the current "World Energy Report 2006", which has now been presented by the International Energy Agency (IEA) no reveals a highly different picture of global energy demand and consumption.

In the estimation of the IEA the influence of the Organization of Petroleum Exporting Countries (OPEC) and Russia on the international oil markets is going to increase until 2030, provided the present trends will continue. Should no countermeasures be taken the demand would increase by 50 percent until 2030. It is, however, a fact that oil is not available forever. The dependency on fossil raw materials is "highly alarming", said the IEA boss Claude Mandil, because "more and more oil will come from fewer and fewer countries", according to Mandil.

Based on an unchanged energy policy, the "World Energy Outlook 2006" forecasts an increasing dependency on crude oil imports: Their share could rise up to two thirds as forecasted by the experts in one of their scenarios for the year 2030. At the same time, coal as energy supplier has become cheaper compared to oil and gas so that the demand for this raw material is rising more rapidly than assumed in the report from 2004. In this case, China and India are again the nations with the highest sales growth. Due to lacking investments, the IEA is concerned about the energy supply. But only in this way the nations could take countermeasures. The Agency has required from all nations to work more energy efficient including investments in the preparation to produce clean raw materials as well as investments in efficient facilities for the conversion of coal into electricity.