More than 130 private sector organisations, including large investors, companies and industry bodies, have called on governments to place renewable energy, efficiency and system flexibility at the heart of modern energy security strategies.
Ahead of the UK/International Energy Agency Energy Security Summit, signatories such as Iberdrola, Ørsted, SSE, Statkraft, Vestas, Octopus, Danfoss, CIP, Arup, and Unilever, have endorsed a joint statement urging policymakers to accelerate the shift to a cleaner, more decentralised and electrified energy system. The initiative is led by the Global Renewables Alliance, Climate Group/RE100, and the We Mean Business Coalition.
The statement argues that modernising energy systems is not only necessary to reduce risk and improve resilience, but also presents a clear economic case. In 2022, fossil fuel price volatility cost governments and businesses over USD 1 trillion, while renewable energy has saved an estimated USD 409 billion in fuel costs since 2000 and created up to three times more jobs per dollar invested than fossil fuels.
The organisations urge governments to embed clean energy in their national climate and energy plans. Key recommendations include scaling up renewable energy deployment, removing barriers to corporate procurement, strengthening energy efficiency, expanding storage and demand response, upgrading grids, and supporting clean energy supply chains. Other priorities include reskilling the workforce and repurposing fossil fuel subsidies to drive low-carbon investment.
The statement reflects growing private sector consensus that renewable energy is not only an environmental imperative, but a central component of national security, economic stability, and climate resilience.
