Companies are moving too slowly on the energy transition to net-zero emissions, according to a survey from Zeronomics. About 55 percent of companies say they are not transitioning fast enough, and 78 percent of investors say most business leaders are failing to take the action needed to transition their company by 2050.
Progress is being hampered by a lack of finance, which is the greatest barrier to net-zero transition according to both senior executives and investors. And the need for finance is great. Some 85 percent of companies require medium or high levels of investment to transition to net zero, rising to 91 percent of carbon-intensive companies.
Other findings include:
Carbon-intensive industries and emerging markets are struggling most: both companies and investors believe significantly more investment is being directed at developed markets than emerging markets, and that carbon-intensive sectors in emerging markets will experience the most signif