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World Energy Outlook 2007

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account for almost 40% of global investment and Russia and other transition<br />

economies for the remaining 10%, much of it to replace ageing<br />

infrastructure.<br />

Figure 1.13: Cumulative Investment in <strong>Energy</strong> Infrastructure in the<br />

Reference Scenario by Fuel and Region, 2006-2030<br />

Inter-regional transport<br />

OECD Pacific<br />

India<br />

Rest of developing Asia<br />

Africa<br />

Latin America<br />

Middle East<br />

Transition economies<br />

OECD Europe<br />

China<br />

OECD North America<br />

*Oil includes investment in biofuels.<br />

0 1 000 2 000 3 000 4 000 5 000<br />

billion dollars (2006)<br />

Coal Oil* Gas Electricity<br />

Alternative Policy Scenario<br />

Global <strong>Energy</strong> Prospects<br />

The Alternative Policy Scenario analyses the impact of the adoption of a set of<br />

policies and measures that governments around the world are currently<br />

considering to address energy-security and climate-change concerns (see<br />

Introduction for a detailed explanation of the methodology and assumptions).<br />

In this scenario, global primary energy demand in 2030 reaches 15 783 Mtoe<br />

– 1 937 Mtoe, or 11%, less than in the Reference Scenario. That saving is<br />

roughly equal to the entire current energy consumption of China. Demand<br />

grows at a rate of 1.3% per year over 2005-2030, compared with 1.8% in the<br />

Reference Scenario (Table 1.10). The gap in demand between the two scenarios<br />

widens progressively over the projection period, as opportunities grow for<br />

retiring and replacing capital equipment using more efficient technologies. Yet<br />

the energy savings in 2015, at about 4%, are far from negligible. The timing of<br />

96 <strong>World</strong> <strong>Energy</strong> <strong>Outlook</strong> <strong>2007</strong> - GLOBAL ENERGY PROSPECTS: IMPACT OF DEVELOPMENTS IN CHINA & INDIA

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