Energy industry faces short-term instability, yet remains optimistic about long-term prospects, DNV report reveals
Norway, April 28 -- The energy industry is braced for short-term uncertainty caused by global instability, but remains optimistic in the long-term, according to DNV's annual Energy Industry Insights survey. The report finds that political risk is seen as the leading barrier to growth for the year ahead, with the perceived momentum of the energy transition slowing. Only 55% of energy professionals now believe the transition is accelerating, down sharply from 72% last year and 79% the year before.Moreover, 51% of respondents believe that ultimately, a successful energy transition may negatively impact some communities, this could include economic displacement, uneven distribution of benefits, and prohibitive costs. Workers in traditional ener...
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