LONDONJune 15, 2026 /PRNewswire/ — A landmark global survey of business executives across 18 countries reveals overwhelming support for a rapid transition to an electrified economy powered primarily by renewable energy.
The findings indicate that geopolitical instability is accelerating the shift of existing operations toward clean electrification, but power systems, grids, and policy frameworks are failing to keep pace.
As geopolitical tensions persist in the Middle East and G7 leaders gather in Évian amid growing concerns over economic resilience and global fragility, 91% of business leaders stated that electrification would improve energy security, while 79% said instability has made the shift to electrification in their own operations more urgent.
With the Strait of Hormuz still closed, data collected in late April shows that business executives in all surveyed countries support a rapid move away from fossil fuel systems, with 90% expecting their operations to be electrified by 2035.
This follows a report from the International Energy Agency (IEA) finding that repeated energy shocks are reshaping investment priorities for governments and companies, while COP31 hosts Turkey and Australia, along with the International Renewable Energy Agency (IRENA), are calling for a stronger global push to power vehicles, industries, and buildings with electricity rather than fossil fuels.
The data shows that 90% of surveyed business leaders said their country’s transition to a renewable energy-powered electricity system could boost economic growth, and 88% said electrifying operations would make their businesses more competitive.
However, 72% of respondents said government policies are lagging behind.
Powering Up: Business Perspectives on Electrification warns that countries failing to electrify risk falling behind more electrified economies, with 62% of respondents saying they would consider relocating operations if governments do not provide sufficient support for electrification.
The survey, commissioned by E3G, the We Mean Business Coalition, and the Global Renewables Alliance across key economies and emerging markets, highlights the growing demand among businesses for clean electrification as a strategy for energy security, competitiveness, economic growth, and addressing climate change.
Business leaders from medium and large organizations were surveyed in Australia, Brazil, China, Colombia, France, Germany, India, Indonesia, Japan, Kenya, Nigeria, the Philippines, Poland, South Africa, South Korea, Turkey, the United Kingdom, and the United States.
View the full press release and report here.