** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

$48t needed in global energy investment by 2035: IEA

05 June 2014

Xinhua, London :
Forty-eight trillion US dollars are needed in global energy investment by 2035, of which 40 trillion dollars is in energy supply and the remainder in energy efficiency, said the International Energy Agency (IEA) Tuesday in London.
IEA, an autonomous energy consulting agency established in 1974, Tuesday released its special report "World Energy Investment Outlook."
Of the investment in energy supply by 2035, a total of 23 trillion dollars are expected to invest in fossil fuel extraction, transport and oil refining; almost 10 trillion dollars are in power generation, and a further 7 trillion in transmission and distribution. Nearly two- thirds of energy-supply investment conducts in emerging market, said the IEA.
More than half of the energy supply investment is needed just to keep production at today's level, said the IEA.
"The reliability and sustainability of our future energy system depends on investment," said Maria van der Hoeven, executive director of the IEA, in a statement. "But this won't materialize unless there are credible policy frameworks in place as well as stable access to long-term sources of finance."

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