In September 20th, the International Energy Agency (IEA) released the 2016 annual report on world energy investment in Beijing. The report covers 2015 countries around the world in oil, gas, coal, electricity, renewable energy, energy conservation and other areas of investment. The report pointed out that the 2015 annual world energy investment amounted to $1 trillion and 800 billion. Affected by the decline in crude oil and natural gas prices, total energy investment in 2015 decreased by 8% over the previous year. Contrary to the oil and gas investment, renewable energy power generation, nuclear power, power grid construction and energy saving investment growth.

IEA chief economist LaszloVarro said at the press conference: investment is the lifeblood of the energy system, despite the decline in total investment, but the energy structure, technology and market are changing. According to recent trends and reports, the global energy system and investors need to face the following three challenges and opportunities:

1 macroeconomic uncertainty and structural changes will affect energy demand patterns;

2 rapid changes in the field of energy technology;

3 lower energy prices and increasingly fierce competition will reshape the pattern of energy investment.

This is the first time IEA global energy investment in detail. The following is a report on the statistics and analysis of energy investments in different areas, countries and regions.

Oil and gas production

According to the report, oil and gas still dominate the world's energy investment. But affected by the downturn in oil prices, investment in the oil industry has been severely reduced. As the cost of production of renewable energy equipment continued to decline, natural gas power generation has also been affected, the entire oil and gas investment in 2014 fell by 25%. The report predicts that in 2016 the field of investment will be reduced by 24%: this will be the first time in the past two years, the decline in investment for two consecutive years, 30. Oil and gas investment in 2017 will tend to smooth.

power

Although the global energy demand growth slowed, but with a strong expansion of power grid and renewable energy and power sector investment (including the power grid construction, power generation, renewable power generation) proportion increased to 38%, nearly half of the funds to invest in the renewable power industry. As one of the pillars of energy security, power grid construction investment is quite impressive, reaching $260 billion. 10% of these are used to integrate intermittent renewable power. Grid level battery storage technology investment in the past 6 years has increased by a factor of 10, but still only accounts for the total investment in the construction of power grids by 0.4%.

Renewable energy and nuclear energy

Renewable energy investment in 2015 was $313 billion, accounting for up to 17%. 2011 to 2015, the annual investment in renewable energy is basically flat, but in 2015 the proportion of renewable energy production increased by 33% compared to 2011. In other words, the same investment can produce more electricity. This is mainly due to the cost of wind power, photovoltaic industry continued to decline. It is worth noting that wind power, photovoltaic and hydropower investment accounted for 92% of renewable energy investment, the proportion of bio fuels and light is still a minority.

Investment in nuclear power in the United States, Japan and Europe has been hampered. But because of China's expansion, the world's nuclear energy investment has reached the peak of the past 20 years. In 2015, the new installed capacity of renewable power and nuclear power has exceeded the growth of global electricity demand in the same year.

coal

Global coal demand and consumption have fallen in 2015, China's economic transformation and production capacity, the world's environmental climate policy, will affect the investment in the field of coal. But coal is still the second largest energy in the world. Coal production and transportation investment in 2015 fell to the lowest level in nearly 10 years, accounting for only about 4% of total investment, but coal has met the needs of the primary energy of 28%. The supply chain of coal and electricity is much more economical than expensive liquefied natural gas, transportation facilities and gas-fired power plants, which is a major reason why countries such as India still tend to use coal.

energy conservation

2015 energy investment in the field of $221 billion. Low oil prices have a negative effect on vehicle fuel efficiency: in 2015 the United States increased light vehicle fuel economy increased by 2/3 compared to 2008. However, by the government policy, energy consumption standards and financial incentives and other factors, China's vehicle fuel economy is accelerating. Worldwide sales of electric vehicles and charging facilities are still growing rapidly. Coupled with the promotion of energy-saving appliances and lighting industry, the overall investment in the field of energy saving than in 2014 increased by 6%.

Energy investment in the world

China: in 2015, China's investment in the power industry growth, the United States on oil and gas investment fell sharply, which makes China more than the United States once again become the world's largest energy investment in the country. In the power sector, China is the largest investment in renewable power generation, wind power investment in 2015 for the first time more than hydropower. In the field of power grid construction, nuclear power, thermal and electric vehicles, China is also a major investment country. But it is worth noting that, in 2015, the world's coal production and transportation investment continued to decline, but by China's coal-fired power investment has increased by nearly 1/4. In 2015 Chinese investment on coal-fired power generation accounted for nearly 1/3 of the total investment in the power sector, new coal-fired power installed capacity reached 52 GW, which changes with the global low-carbon transition trend contrary.

United States: the impact of a substantial reduction in domestic shale oil and gas investment, the United States energy investment fell to second place, vehicle fuel economy growth and sales of electric vehicles have declined. Unlike China, the United States 90%