Current climate positive policies are not enough to solve the emissions crisis, according to a new report by DNV GL.
The report is the conclusion from a series of five papers released by the company this year and calls for a cross-sector industry support to boost investment, technology and skills in order to transition at the rate required to meet climate targets.
“We can be encouraged by recent world commitments towards climate positive policies, but that is only one part of the necessary movement needed to shift the emissions dial,” said DNV GL Energy chief executive Ditlev Engel (pictured).
“While many governments are proficient at putting together strategies for energy programs, it will not be fast enough, according to our forecast,” he said.
The report calls for greater support to develop and deploy new technologies such as bifacial solar modules, larger turbines, floating solar, floating wind and grid technologies.
Its authors say governments need to increase their climate commitments and act quickly to bring in new, renewables-friendly policy and regulatory frameworks.
The report highlights the opportunity to focus post COVID-19 stimulus packages on developing long-term sustainable systems.
Finally, the report calls for finding ways to foster cross-collaboration within sectors to encourage workforce skills to join the rapidly changing energy industry.
“The energy sector needs to recruit and reskill aggressively in the next decade to enable its workforce to keep pace with the energy transition,” Engel said.
“We need a combination of solutions to set new path that is sustainable and people-centred. As a global energy industry, we need to join forces and do everything in our power to ensure we transition faster together,” he added.