Almost nine-tenths of G20 countries' company executives, who make energy investment decisions at their businesses, have changed their investment strategies in the past year to better align with the transition to cleaner energy sources, according to a survey by law firm Ashurst.

Government pressure to decarbonise was the leading motive for investments in low-carbon technologies, the Ashurst report said.

“The effects of climate change can no longer be ignored. Addressing its impacts has become a priority for businesses, governments and individuals alike,” said Antony Skinner, Ashurst’s head of power and utilities for EMEA/US.