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EMISSIONS: Energy Industry Doubts World to Reach Net Zero Goal by 2050

EMISSIONS
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The Energy industry’s confidence in reaching global net-zero targets by 2050 is decreasing on policy instability, weak investment climate and slow project approvals, Energy Industries Council’s (EIC) said in a report.

  • Only 16% of senior energy executives interviewed believe the world can achieve net zero by 2050. This is down from 45% last year.
  • Only 14% of respondents believe their country will meet 2030 climate goals, down from 16% last year.
  • Investors remain cautious about investing in new clean technologies, particularly in hydrogen, CCS, and grid infrastructure.
  • They raised concerns about reliance on China for wind turbines and battery storage systems components.
  • The report is based on interviews with EIC member companies mostly based in the UK.
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The Energy industry’s confidence in reaching global net-zero targets by 2050 is decreasing on policy instability, weak investment climate and slow project approvals, Energy Industries Council’s (EIC) said in a report.

  • Only 16% of senior energy executives interviewed believe the world can achieve net zero by 2050. This is down from 45% last year.
  • Only 14% of respondents believe their country will meet 2030 climate goals, down from 16% last year.
  • Investors remain cautious about investing in new clean technologies, particularly in hydrogen, CCS, and grid infrastructure.
  • They raised concerns about reliance on China for wind turbines and battery storage systems components.
  • The report is based on interviews with EIC member companies mostly based in the UK.