THOUGHT LEADERSHIP

Powering Change: Technologies fuelling the future

The need to rapidly accelerate the transition to cleaner energy is now more important than ever.

A much greater focus on cleaner energy is imperative to achieve the goal of reducing carbon emissions, and the business community plays a critical role in facilitating this transition.

Now in its fourth edition, our Powering Change report clearly demonstrates the extent to which corporates understand this and are committed to playing their part. Based on a survey of more than 2,000 senior executives and managers involved in energy decision-making we explore the technologies they are currently investing in, where they think the best future opportunities are – in terms of both new technologies and geographies, and where they expect the funding to come from.

Key findings

  • Pressure to cut emissions is being driven from within companies. Three quarters of senior business leaders state that pressure to invest in renewable energy from their own corporate boards was either "extreme" or "significant" exceeding the perceived pressure from customers, regulators and even NGOs.
  • Nearly two thirds of senior business leaders expect their organisation's investment to flow away from traditional fuels and towards renewable energy at an accelerated pace over the next 12 months.
  • Solar energy is the most popular investment technology, targeted by nearly three-quarters of respondents.
  • Emerging technologies are set to grow in appeal, with green fuels the most favoured.
  • The investor base is diversifying, with a wide range of investors looking to enter the energy transition market as their understanding of it grows, and the risks and opportunities become better known.
  • The top four barriers to investment were identified as, lack of raw materials, manufacturing capacity, regulation, and skills shortages.
  • Legal disputes are set to rise. More than two thirds of respondents expect increased legal disputes related to the energy transition.

Request a copy of our report

You can withdraw your consent to be on our marketing database at any time by clicking unsubscribe at the bottom of our emails or by contacting our Data Protection Team at data.protection@ashurst.com.

image

Thought leadership

Powering Change: Funding Net Zero

In our 2023 report, we investigated the accelerating pace and scale of global transition to cleaner energy.

Find out more
image

Thought leadership

Powering Change: Energy in Transition

In 2022, we published Powering Change: Energy in Transition, where we delved into the then current state of the market, pace of change, and areas of future opportunity.

Explore more

windmills at sunset

Exploring Hydrogen Markets – Kenya & Uzbekistan

Ashurst’s Yann Alix is joined by Amyn Mussa from Anjarwalla & Khanna (ALN Kenya) and Madina Hamidova from Centil Law Firm to discuss the hydrogen markets in Kenya and Uzbekistan.

Listen now

Trees in forest with autumn coloured leaves

ESG Matters podcasts

Tackling environmental, social and governance issues, this podcast series will keep you across the global trends and local issues that are shaping the legal landscape and impacting organisations.

Listen now

Cyclist and pedestrians walking over zebra crossing

Future Forces: Megatrends in Infrastructure

Ashurst partners Ratha Nabanidham and Mark Barges speak to Ross Israel, Head of Global Infrastructure at QIC, about the expected extraordinary growth and innovation in the world’s infrastructure sector.

Listen now