Bureau Veritas, the testing, inspection and certification organisation has launched its Global Energy Transition Report 2023, adding its voice to those that believe climate calming measures will need to accelerate if the Paris agreement is to be reached.

The report brings together insights and opinions from over 800 global market experts and industry leaders from across the energy sector. It explores the major barriers to accelerating the energy transition, and unveils insights on the constraints the industry faces, along with practical solutions to remove them. In doing so, it aims to set a roadmap for change.

The findings outlined in the report centre on four principal areas of change:

Government regulation and policy: Change in government policy has the potential to have the biggest overall impact in accelerating the energy transition.

Advances in technology: Fast-tracking further development or new or existing technology is expected to have the second biggest overall impact on the required acceleration.

Scaling up the supply chain: Some 90 per cent of respondents say geographical concentration of supply chains for key components and raw materials are a top challenge.

Mobilising a global workforce: 90 million people will be employed in the energy sector by 2030; a 38 per cent increase on today.

Joerg Gmeinbauer, global VP, power & renewables at Bureau Veritas, said: “We are undeniably facing one of the biggest crises we have ever needed to overcome, and fighting climate change needs to be the number one priority for our society. The overarching message of the report is simple – only urgent action will secure a liveable future for all.”

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