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المشهد العربي
Mackenzie urges Asia to invest $1T yearly in energy
A report from McKinsey Institute states that Asia will need annual investments of one trillion dollars in the energy sector over the next 15 years to meet the increasing demand, which has risen by 15% to reach 400 million terajoules. Asian countries will bear responsibility for 70% of the global increase in demand until 2040. Disruptions in the Middle East have hindered oil and gas flows through the Strait of Hormuz, further amplifying the need to expand renewable energy sources, especially in India and Southeast Asia, where investments of $300 billion are directed annually into solar and wind energy projects until 2040.
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