WEC wants to help energy leaders navigate the transition
Uncertainty preventing transition investments – WEC
Covid-19 variants, economic growth and geopolitics are higher up the agenda for leaders than climate change
Uncertainty around Covid-19 variants, economic growth and geopolitics are preventing investments in the energy transition, according to the 2022 World Energy Issues Monitor report published by the World Energy Council (WEC). Following a 4.5pc drop in global energy demand in 2020—the largest ever absolute decline—energy demand rebounded during 2021 as restrictions were lifted and economies recovered. There has also been a significant boost in government spending, but in many countries that spending has not been directed towards low-carbon technologies, the report finds. 4.5pc – Fall in global energy demand in 2020 Despite a degree of optimism coming out of Cop26, climate change remains abse
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
