A new report outlines just how bad the energy investment climate is in Europe - and warns it could get a lot worse. Kelvin Ross examines the reports conclusions and recommendations. The European power sector is facing a capacity and investment crunch which could jeopardise its security supply and derail its low-carbon agenda. That is the stark warning in a report which puts a ?1 trillion ($1.3 trillion) price tag on the new infrastructure needed to maintain Europe's energy supplies. Analysts at US-based consultancy IHS CERA say the investment climate deteriorated over the last year as several countries faced a double-dip recession, while the financial strength of utilities weakened due to higher debt levels and weaker credit ratings.
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