Powering up: Business perspectives on shifting to renewable electricity

The transition to a renewable energy future is not only an environmental imperative, it is a market reality and an economic inevitability. Businesses around the world are driving this shift - not in the distant future, but now.

This new global polling data reveals that corporate leaders overwhelmingly support moving away from fossil fuels, with 97% advocating for a rapid shift to renewables based electricity. Their message is clear: the future belongs to renewable energy, and governments must act accordingly.

What stands out in the findings is the consistency of business sentiment, even in regions where political debate on climate action remains polarised. Across 15 countries, business leaders recognise that climate risk is business risk. They understand that energy security, economic growth, and competitiveness depend on a stable and sustainable power system. This is not a question of ideology, it is a matter of financial and operational strategy. The cost of renewables has fallen dramatically, making wind and solar the smart business choice.

The momentum behind the transition is unstoppable.

Yet, while businesses are taking steps to decarbonise, they need policymakers to keep pace. This is the moment for governments to lay out clear, investible roadmaps - aligning Nationally Determined Contributions (NDCs) with corporate ambition, scaling up incentives, and ensuring support for workers and communities.

This new report is a wake-up call on the business sentiment for the power sector transition. The business world is moving forward - governments must move with it, or risk losing economic opportunity and social stability.