$14 trillion investment needed by 2045 to meet global energy demands: Opec
Haitham al-Ghais, the secretary general of the Organisation of Petroleum Exporting Countries (Opec), highlighted the need for a substantial investment of $14 trillion by 2045 to meet the escalating energy demand worldwide, according to a report by the Financial Express. Ghais emphasised that the demand for oil is expected to rise significantly, projecting a 23 per cent increase in global energy requirements by 2045 while addressing the India Energy Week in Goa on Tuesday.
Prime Minister Narendra Modi, at the event’s inauguration, stated that India’s energy demand was set to double by 2045, reaching 38 million barrels per day, compared to the current 19 million barrels per day.
