ENERGY SECTOR'S CONFIDENCE IN NET-ZERO GOALS PLUMMETS

Industry leaders warn against unstable policy, weak investment

- 

ENERGY industry confidence in reachE ing global net-zero targets is fading as policy instability, financial uncertainty and slow project approvals continue to hinder progress, according to Net Zero Jeopardy Report II by the Energy Industries Council's (EIC), the world-leading trade association for the energy supply chain industry.

Only 16 per cent of senior energy executives interviewed now believe the world can achieve net-zero by 2050, down from 45 per cent last year. The report, based on interviews with EIC member companies mostly based in the UK, points to growing concerns over the lack of clear regulatory frameworks, underinvestment in clean technologies and delays in bringing projects to the final investment decision (FID) stage.