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Energy: The Oxygen of the Economy

Posted by nexvucapital on March 1, 2013

We have attached some weekend reading for those interested in the second most important input into the global economy – energy.

Energy for Economic Growth

Energy Vision (Update 2012 – World Economic Forum)

WEF_EN_EnergyEconomicGrowth_IndustryAgenda_2012

Executive Summary

As the world struggles to emerge from a global recession
and financial crisis, countries are looking for solutions to
improve domestic economic performance and put people
back to work. Global energy demand and prices have been
resilient during the recession, leading policy-makers in
countries with the potential to produce energy to look to that
sector as a potential engine for economic growth.

The energy sector constitutes a relatively modest share of
GDP in most countries, except for those in which oil and gas
income loom large. However, the energy sector’s impact on
the economy is greater than the sum of its parts. Most
importantly, energy is an input to nearly every good and
service in the economy. For this reason, stable and
reasonable energy prices are beneficial to reigniting,
sustaining and expanding economic growth.

WEF_EN_EnergyEconomicGrowth_IndustryAgenda_2012

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