IEA's World Energy Investment 2016
What was the level of investment in the global energy system in 2015? Which countries attracted the most capital? What fuels and technologies received the most investment and which saw the biggest changes? How is technological progress, new business models and key policy drivers such as the Paris Climate Agreement reshaping investment?
The International Energy Agency's (IEA) inaugural World Energy Investment 2016 tackles these questions and more, focusing on lifeblood of the global energy system: investment. Attraction and direction of capital flows is vital in the transition to a low-carbon economy—particularly while maintaining energy security and expanding energy access worldwide. The success or failure of energy policies can be measured by their ability to mobilize investments. The new report measures the state of investment in the energy system across technologies, sectors, and regions, taking a comprehensive look at the critical issues confronting investors, policy-makers, and consumers over the past year.
The CSIS Energy and National Security Program is pleased to host Laszlo Varro, Chief Economist at the IEA, to discuss the report. Mr. Varro leads the newly-created Economics and Investments Office, which aims to provide sound and consistent energy economics and methodological support for the Agency’s work. Prior to his current role, Mr. Varro served as IEA Head of Gas, Coal and Power Markets.