IMF Energy Price Forecast Positive for Carbon Emissions Abatement
High energy commodity prices and energy security concerns are possibly the best drivers for renewable energy and energy efficiency investment.
Historic price data published this week in the 2010 World Economic Outlook by the International Monetary Fund demonstrates the real price growth that energy sources have experienced over the last ten years.
The International Monetary Fund assesses near-term prospects for commodities, including energy, and forecasts steady continued growth, more tempered than in recent times, primarily due to a cooling off of China’s economy.
A non-volatile, continued energy price growth will ensure that energy effiiciency and renewable energy investment continues to look attractive for all stages of investment in the alternative energy and energy efficiency-related technology cycle: research, commercialisation, and deployment.