100+ companies call for electrification to become an economic priority

A statement signed by over 100 companies with a combined annual revenue exceeding $1.5 trillion USD urging governments to make clean electrification a central pillar of economic and industrial strategy to reduce exposure to volatile fuel markets and enhance energy security.

• Over 100 companies, representing more than $1.5 trillion USD in combined annual revenue, argue that reliance on volatile fuel markets creates economic instability, price spikes, and supply chain disruptions, which undermines business competitiveness.
• The signatories assert that electrifying industry, buildings, and transport using clean, locally-generated energy is a cost-effective method to improve energy security and lower energy prices over time, noting that many necessary technologies are already commercially available.
• Referencing scenarios from the IEA and IRENA, the document states that electrification in final energy use could reach approximately 35% by 2035 if appropriate government policies are implemented to create stable investment conditions.
• The companies call for international coordination through bodies such as the G7, G20, BRICS, IEA, and UN climate COPs to align direction and reduce policy fragmentation.
• The statement outlines specific national policy recommendations: realigning fiscal incentives for affordability, redesigning electricity markets to reward clean flexibility, upgrading grids and streamlining permitting, and establishing electrification plans with clear timelines.

APA

Ng, L. (2026). 100+ companies call for electrification to become an economic priority. Alliance for Renewable Electrification. https://renewelec.org/100-companies-call-for-electrification-to-become-an-economic-priority/

Chicago

Ng, Ling. 100+ companies call for electrification to become an economic priority. Alliance for Renewable Electrification, 2026. https://renewelec.org/100-companies-call-for-electrification-to-become-an-economic-priority/.

Wikipedia

{{cite press release |last1=Ng |first1=Ling |title=100+ companies call for electrification to become an economic priority |publisher=Alliance for Renewable Electrification |date=23 June 2026 |url=https://renewelec.org/100-companies-call-for-electrification-to-become-an-economic-priority/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{ng2026100, author = {Ng, Ling}, title = {{100+ companies call for electrification to become an economic priority}}, publisher = {Alliance for Renewable Electrification}, year = {2026}, month = jun, url = {https://renewelec.org/100-companies-call-for-electrification-to-become-an-economic-priority/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }