TECH SUPPLIER Jun 2022 - IDC Survey - Doc # US49285822
The Energy Transition and Global Events
This IDC Survey focusses on energy transition plans around the globe and the impact of recent global events. It is a summary of data from the energy transition questions in IDC's May 2022 Future Enterprise Resiliency and Spending Survey, Wave 4. These questions are an early snapshot of the much larger set of questions in a dedicated IDC energy transition survey.
The key findings are:
- Most organizations indicated having both annual CO2 reduction goals and a target date for achieving net-zero emissions; the likelihood varies by size of organization, country, and industry.
- A significant majority of organizations describe their CO2 reduction plans as achievable but challenging; as expected, C-suite executives are more optimistic about their organization's plans.
- Recent global events and associated energy market disruptions have forced many organizations to reassess their energy transition plans and proceed more cautiously; this was especially pronounced in the Asia/Pacific region.
The commitment by organizations to the energy transition is still relatively strong, but there are signs that the challenges presented by the transition itself as well as global energy market disruptions will result in shifting strategies and tactics. More details will follow as the results of IDC's larger energy transition survey come to light. These results will also tell us the role digital technology plays in the transition.
Note: There is a worldwide push by governments, investors, and society to reduce the amount of CO2 being put in the atmosphere. The vast majority of CO2 emitted by industrial and commercial organizations comes from the burning of hydrocarbons to produce energy. The replacement of fossil fuels with renewable energy sources and the adoption of new technologies to reduce the carbon footprint are the foundation for what is often referred to as "the energy transition."