The energy sector faces short -term instability in the middle of global uncertainty

The world energy industry faces short -term uncertainty in the midst of political and economic instability, according to the latest Survey in the DNV energy industry.

Despite this, long -term optimism remains rooted in continuous technological progress and the global push for decarbonization.

Now in its 15th edition, the survey collects information from more than 1,100 senior energy professionals.

Only 55% of respondents believe that the transition accelerates, a significant fall of 72% by 2023 and 79% by 2022.

The report also highlights concerns about the social impacts of the transition. A slight majority (51%) of professionals surveyed believe that change to sustainable energy could adversely affect some communities.

The identified key risks include economic displacement, inequabulaable distribution of high benefits and costs.

The respondents emphasized the need for affordable and accessible net energy technologies, supported by innovative funding models, to ensure a fair and inclusive transition.

The survey also found that in the short term companies, especially clean energy developers, are concerned about the lack of income and profit goals.

In addition, the survey highlighted a decrease in project funding, and most respondents delayed investment decisions or select smaller projects.

Confidence in renewables has fallen significantly. Only 50% expect to achieve revenue goals and only 43% are optimistic about profits. These figures are abruptly lower than those seen three years ago.

Geopolitical instability and economic uncertainty are cited as key caution engines. A reduced risk hunger is clear. Only 39% of renewable respondents plan to increase investment next year.

Digitization is still a focus to enable the transition to the entire system. About two thirds of the respondents said that an approach of entire systems requires a fully digital infrastructure. Investment in digital tools is still resistant.

Technologies such as AI are an area of ​​increasing interest, while aging infrastructure has another major restriction. Obsolete electricity networks limit the adoption of renewables. More than 75% of electricity professionals quote it as a key obstacle.

96% overwhelming calls for an urgent modernization of the network.

DNV Energy Systems’s CEO, Ditlev Engel, said: “A successful energy transition is not impossible, but the urgency to accelerate the action has never been larger.

“The path to a cleaner and sustainable energetic future is inherently complex and unequal, but delay is not an option. Immediate and coordinated efforts are essential to ensuring that no boost is lost.