Willis clean energy study finds natural resources at tipping point

The Rise of Clean Energy Technologies

The average spend on clean energy technologies is expected to increase by over a third in the next financial year, according to a recent report by Willis Towers Watson.

71% of companies surveyed have a clean energy strategy, but only 36% of oil and gas companies have a strategy in place.

71% of renewables companies are at the implementing or fully implemented stage of their clean energy strategy.

36% of oil and gas companies have a clean energy strategy in place.

63% of power companies have a clean energy strategy.

43% of mining and metals companies have a clean energy strategy.The Gap Between Strategy and Implementation

While many companies in the industry have a clean energy strategy in place, the implementation of these strategies varies widely.

The top 5 countries for solar energy investment in 2022 were China, the United States, India, Japan, and South Korea.Top Priorities for Renewable Energy Investments

Renewable energy investments are crucial for reducing greenhouse gas emissions and mitigating climate change. A recent survey has revealed the top priorities for renewable energy investments over the near and medium term.

However, the transition to clean energy poses significant risks to these priorities.

Regulatory Uncertainty: The transition to clean energy is driven by a complex array of national and international regulations. These regulations can be inconsistent, and their implementation can be slow.