Seizing the Electric Advantage

A statement from the We Mean Business Coalition urging governments to establish electrification as a central economic strategy to mitigate the risks of volatile fuel markets and strengthen energy security.

• Reliance on volatile fuel markets creates structural economic risks, including price spikes, supply chain instability, and delayed investment, which increase operating costs and undermine business competitiveness.
• Electrifying industry, buildings, and transport using clean, locally-generated energy is presented as a cost-effective method to improve energy security, lower long-term energy prices, and increase resilience to external shocks.
• According to scenarios from the IEA and IRENA, it is possible for electrification in final energy use to reach approximately 35% by 2035, provided that appropriate government policies are implemented.
• The coalition recommends that national governments implement a comprehensive policy suite including the realignment of fiscal incentives for affordability, the redesign of electricity markets to reward clean flexibility, investment in grid modernization and skilled labour, and the streamlining of permitting processes for renewable energy and charging infrastructure.
• International cooperation through forums such as the G7, G20, BRICS, IEA, and UN climate COPs is necessary to align policy direction and strengthen cross-border investment confidence in clean energy systems.

APA

We Mean Business Coalition (2026). Seizing the Electric Advantage. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/seizing-the-electric-advantage/

Chicago

We Mean Business Coalition. Seizing the Electric Advantage. 2026. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/seizing-the-electric-advantage/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=Seizing the Electric Advantage |date=22 June 2026 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/seizing-the-electric-advantage/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2026seizing, author = {{We Mean Business Coalition}}, title = {{Seizing the Electric Advantage}}, publisher = {We Mean Business Coalition}, year = {2026}, month = jun, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/seizing-the-electric-advantage/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }