GENEVA (Yosefardi) – World Economic Forum (WEF) reported that industry estimates show non-OECD countries will have to double their investments in electricity by 2040 to keep pace with demand.
WEF offers solutions to improve investment attractiveness of the power sector that would help to bridge this critical investment gap, as the countries face increased competition for capital necessary to invest in power infrastructure.
According to the International Energy Agency (IEA), meeting the electricity demands of consumers and businesses in non-OECD Countries will require $13 trillion investments by 2040 – outspending OECD markets by a factor of 2 to 1.
The report outlines recommendations for fast-growing economies to attract more private investments to the power sector in order to achieve their social and economic objectives, including universal access to reliable, affordable power and environment sustainability.
Over 2,500 leaders from business, government, international organizations, civil society, academia, media and the arts will participate in the 46th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, on 20-23 January.