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
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
