On the Horns of an Investment Dilemma: Energy Security and Climate Change
Article from: OGEL 3 (2008), in Energy Security
Introduction
Relatively low oil prices in the 1980s and 1990s lulled the world into complacency. Energy security and climate change have become chronic global problems and, in addressing them, the energy industry finds itself on the horns of an investment dilemma. Governments are now confronted by an unprecedented challenge as to how to attract the necessary level of energy sector investment to keep up with global demand growth. However, investors are more than ever reluctant to accept uncertain investment conditions. Today's energy security problem is a consequence of investment having ...