SECTION 3
Oct 1, 1988
Future Prospects for the Energy Sector
Publication: Journal of Professional Issues in Engineering
Volume 114, Issue 4
Abstract
Current forecasts of energy and electricity demand growth to the end of this century are critically reviewed and attention is drawn to the heavy burden that financing this expansion will impose, especially on the developing countries. Supply‐side investment is likely to be constrained by financing problems and by growing sensitivity to the environmental impact of energy production; both will need to be addressed if the world demand for energy is to be satisfied. The prospects for the exploitation of domestic energy resources in the United Kingdom are then examined and the different scenarios that might be set up are discussed. The major part of the energy sector will eventually pass into private hands and increased weight will be placed on market forces to balance a multienergy economy. Finally, the scope available to suppliers of goods and services is briefly mentioned, as is the support to be sought from aid and financing agencies to overcome the funding problems that potential developers are likely to face.
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Published In
Journal of Professional Issues in Engineering
Volume 114 • Issue 4 • October 1988
Pages: 445 - 448
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Copyright © 1988 ASCE.
History
Published online: Oct 1, 1988
Published in print: Oct 1988
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Don A. Holland
Chair, of the Board, Balfour Beatty Ltd., 7 Mayday Rd., Surrey CR4 7XA, England
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Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.