(MENAFN) Energy demand in the Gulf to triple in the next fifteen years far outstripping today's supply, a report released by National Bank of Abu Dhabi (Nbad), Gulf News reported.
It figures out that the closing the global energy gap will require USD48 trillion of investment over the next 20 years in projects that provide additional energy generation capacity and improve the efficiency of energy use.
The report, commissioned by Nbad, the University of Cambridge and PwC (Pricewaterhouse Coopers), and in collaboration with Masdar, sets out the changing nature of the global energy mix over the next decade which will see an increased contribution from renewables.
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