economy
Everyone needs oil, but investments are going into clean energy
Although the current oil crisis due to the war in the Middle East has proven that there are no alternatives to fossil fuels, and that wind, sun, water and other types of clean energy cannot be pumped into tanks, the latest data from the International Energy Agency show that the trend is still to invest more and more money in green kilowatts. A consolidated overview of investments in two energy groups (oil, gas, coal, on one hand) and (nuclear and other types of clean energy) shows that investments in the latter exceeded 2.1 trillion dollars last year, while oil is far behind, at around 1.1 for the period from 2015 to 2025.
TL;DR
- Global investments in clean energy ($2.1 trillion) have surpassed those in fossil fuels ($1.1 trillion) between 2015 and 2025.
- The energy transition prioritizes green energy, energy efficiency, nuclear power, and reduced consumption of fossil fuels.
- Investments in oil exploration and production are declining, indicating a future without reliance on oil.
- Oil prices are expected to remain elevated due to geopolitical factors and reduced supply.
- Serbia is focusing on natural gas diversification, including securing LNG supplies and expanding underground storage.
- New interconnections with Bulgaria and North Macedonia are crucial for Serbia's energy supply, especially if Russian gas becomes unavailable.
- Global oil trade relies heavily on tankers, with the Strait of Hormuz being a critical chokepoint.
- Speculative capital in the oil sector significantly influences prices.