The Energy sector is in a time of uncertainty. The demand continues to increase. Challenges are huge. Decision-makers need to take critical decisions in this uncertainty climate. We have noticed in the last years an increase of complexity on various energy drivers and investments signals. Future energy prices continue to be a preoccupation for most leaders in the market. Taking into consideration several scenarios enables us to test our predictions in order to give strategic information for investments decisions. And each scenario becomes a point of reference for investors. The exchange of best practices and technologies is an important point and Universal Expos as it can be for Astana 2017 or Dubai 2020 are clearly business events that allow us to answer this need of collaboration. The ongoing climate negotiations are the testimonial of the dynamic nature of energy markets. In a time of so much uncertainty, understanding the implications of the shifting energy landscape for economic and environmental goals and for energy security is vital. We need to keep informed on updated projections for the evolution of the global energy system having a particular focus on the latest data and market developments opening useful discussions and collaborations.
New analysis forecasts the global installed capacity of energy will reach an average annual growth rate of 5.7 per cent. Economic difficulties in many parts of the world are affecting the outlook for the global energy market. In much of the Western world, the weak economic climate has impacted support schemes, which will continue to be the lifeline for many renewable energy installations until grid parity is achieved. The decline in the cost of energy due to technological innovation and scale economies achieved through mass deployment has enabled developing countries to adopt these technologies. Energy installations have seen a gradual shift in market power to emerging economies. Regions such Asia, Latin America, the Middle East and Africa thanks to urbanization, population growth, energy security concerns, and strong economic development, have increasingly been contributing to energy capacity growth and Europe will remain the leading region in the global bioenergy and waste segment even as future capacity expansion in the segment comes from Southeast Asia, Australasia, North America, Turkey, Iceland and Kenya.
Fortunately, we can see a real positive outlook on investments signals. This trend can be due to new awareness on energy access and affordability. Therefore, we are very far away from a global deal on these issues. We are all struggling to take long-term investment decisions that are robust and deliver the resilient energy infrastructure we will need. One aspect that we need to really take into consideration is that energy infrastructure that we built today will last for the next half century. We must have a particular attention to different possible futures linked to technology innovation, global policies developments driven by greater stress from accelerating energy-water-food problematic. What we can add to conclude our insight is that all countries are facing a challenge to understand how to find right policies and specific limitations. The goal is to elaborate a balanced and stable policy framework, this permits to mitigate political risks. We need a clear understanding of today’s decisions implications to be able to deliver solutions for the future we want.