The Race to Renewables: How Private Sector Leadership is Shaping the Global Energy Transition

The global shift to renewable energy is gaining momentum, and the private sector is leading the charge. Companies are moving beyond ambitious targets to tangible action, signing long-term renewable power purchase agreements, investing in clean technologies, and mobilising capital through green bonds and innovative finance solutions. This is more than aspiration; it is execution at scale. 

Businesses are showing that renewable energy can be deployed rapidly and cost-effectively. Google and Microsoft are leading the way with large-scale solar and wind projects, turning commitments into measurable impact. Every megawatt they deploy brings a renewable-powered future closer. 

This transition is also an opportunity to make progress equitable. Expanding clean energy creates sustainable jobs, stimulates economic growth, and brings affordable energy to underserved communities. By embedding fairness alongside speed, the energy transition can be both powerful and inclusive. 

Looking toward COP30 in Brazil, the stage is set for transformative progress. With abundant natural resources, strong business leadership, and global collaboration, the opportunity to scale renewables has never been greater. Leaders such as Nawal Al-Hosany, Permanent Representative of the UAE to IRENA; Elbia Gannoum, COP30 Envoy for Energy; and Bruce Douglas, CEO of the Global Renewables Alliance exemplify the vision and action driving this movement forward. 

The message is clear: the private sector is ready to lead. With bold action, collaboration, and innovation, the world can accelerate the renewable energy transition, turning possibility into reality and delivering a cleaner, more equitable energy future for all. 

Explore the Sustainable Innovation Forum 2025 agenda to hear from other industry leaders who are accelerating the transition: events.climateaction.org/sustainable-innovation-forum/agenda/