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
12 March 2026
Role of world’s largest carbon cap-and-trade market under scrutiny as war in Iran threatens to drive EU energy costs to unsustainable levels
10 March 2026
Europe urgently needs to bring more projects to FID, as CCS investors warn they might divert capital to faster-growing regions
9 January 2026
A shift in perspective is needed on the carbon challenge, the success of which will determine the speed and extent of emissions cuts and how industries adapt to the new environment
2 January 2026
This year may be a defining one for carbon capture, utilisation and storage in the US, despite the institutional uncertainty
