2024 Energy Transformation Trends Survey Results

Los Angeles – February 1, 2024 – Skipping Stone surveyed energy executives across the globe to get their views on a variety of energy transformation topics to gauge trends for 2024 and beyond. Survey results compare views from the U.S., Japan, and other global leaders.

On many topics, energy leaders’ views diverge significantly from government goals or mandates. A few examples include:

Japan has set a 2050 carbon neutral mandate as have many U.S. states and over 140 countries.

75% of U.S. energy executives and 69% of Japanese and other global survey participants view this target as unlikely or very unlikely to be achieved.

Regulations driving the adoption of EVs are widespread globally with many countries mandating the elimination of sales of petrol vehicles by 2035 or thereabouts.

About a third of energy executives believe that by 2050 EVs will comprise between 50 and 70% of all vehicles, with very few that think they will exceed 70%.

Globally there is massive pressure to eliminate coal plants as a key driver to reach carbon reduction goals.

38% of both Japanese and other global survey participants believe there will always be coal plants, as do 24% of U.S. participants.

“It was eye-opening to study the results on topics like the examples above as well as hydrogen, micro nuclear, Russian LNG, carbon capture, AI, and others. With all the government mandates, subsidies, investments, press, hype, and global events like COP24, one would expect a more optimistic viewpoint from the energy community than the results show,” said Skipping Stone Chairman and CEO Peter Weigand.

“With the Japanese government supporting and pushing hard in most of the areas we surveyed, it was interesting to see that in many cases the Japanese energy community doesn’t believe the goals will be met,” said Hiroshi Okuyama, President of Skipping Stone Japan.

For more information and a complimentary copy of the survey results, please email a media contact listed below.

Nancy Young, Global Marketing

nyoung@skippingstone.com