Most businesses expect operations to go electric by 2035, survey finds
By Simon Jessop
LONDON, June 15 (Reuters) - Most businesses expect their operations to be largely electrified by 2035 as they shift from fossil fuels, a survey of corporate leaders from 18 countries released on Monday showed.
Consultancy Public First surveyed 1,994 executives and senior managers of organisations with revenues of $1 million-plus between April 20-26.
Commissioned by E3G, We Mean Business Coalition and the Global Renewables Alliance.
Companies based in Australia, Brazil, China, Colombia, France, Germany, India, Indonesia, Japan, Kenya, Nigeria, Philippines, Poland, South Africa, South Korea, Turkey, United Kingdom and United States.
90% of respondents say they expect their operations to be largely electrified by 2035.
90% say moving to a renewables-based electricity system is likely to boost economic growth.
88% say electrifying their operations will make their business more competitive.
91% say electrification would improve energy security.
79% say instability has made their own business shift to electrification more urgent.
72% say government policies are lagging behind.
Maria Mendiluce, CEO, We Mean Business Coalition said: “This polling points to a profound shift in the global economic landscape. Businesses are increasingly seeing electrification as the foundation of future competitiveness, energy security and economic resilience.”
