Higher oil-import dependence is associated with an extra 0.25 percentage point GDP loss two years after an oil supply shockElectric vehicles are estimated to displace 1.9 million barrels per day of oil demand in 2026, yet create new dependencies on China, which dominates nearly all parts of the clean tech supply chain

ANTALYA, Türkiye , Nov. 12, 2026 /PRNewswire/ — S&P Global (NYSE: SPGI) today releases a new report, Adopting Clean Technologies: The Energy Resilience Dividend. Released during COP31 in Antalya, Türkiye, the report explores how clean technology adoption can strengthen countries’ economic, energy and geostrategic resilience by reducing exposure to imported fossil fuels and global fossil fuel shocks, while also creating new external dependencies, particularly on China.

In the report, the S&P Global Institute brings together joint analysis from S&P Global Energy and S&P Global Ratings. The analysis covers nine advanced economies, plus case studies of Europe and China.

Key highlights:

Lower oil-import dependence is associated with greater economic resilience: Countries that rely less on oil imports reduce GDP impact of oil supply shocks by around 0.25 percentage points.Europe’s renewables expansion has helped reduce exposure to energy shocks: EU non-hydro renewable generation is up nearly 340 terawatt-hours (TWh) since 2021, 70% more than the 2016–2021 increase, and European clean tech investment in 2026 is expected to more than double 2021 levels.Electric vehicles are reducing exposure to oil demand and price shocks: S&P Global Energy estimates battery electric and plug-in hybrid light vehicles (EVs) on the road globally will displace 1.9 million barrels per day of oil demand in 2026, nearly 2% of global oil demand.China’s EV scale is extending resilience beyond its domestic market: China exported nearly 2.5 million EVs in the first half of 2026, more than double the year-earlier period.Clean technology creates new strategic dependencies: China dominates nearly all parts of the clean tech supply chain, from mining and processing of key metals and minerals to components and technologies, making supply chain diversification increasingly important to macroeconomic resilience.

“Our analysis suggests clean technology investment can deliver benefits that extend beyond climate objectives by strengthening countries’ resilience to energy supply and price shocks,” said Marion Amiot, Head of Climate Economics, S&P Global Ratings. “But the nature of energy security is also changing. As economies electrify, managing concentrated supply chains and new external dependencies will become an increasingly important part of the resilience equation.”

“Energy, geopolitics, technology and capital flows can no longer be understood in silos, and this report shows why,” said Alexandra Dimitrijevic, Head of the S&P Global Institute. “By bringing together expertise from across S&P Global, the Institute helps leaders see how these forces connect and plan with greater confidence.”

To read the full report, visit: https://www.spglobal.com/en/research-insights/special-reports/adopting-clean-technologies-the-energy-resilience-dividend

Media Contacts:

Alexis Weakley
S&P Global
(+1) 610.390.4394
alexis.weakley@spglobal.com  

Isabel Allanwood
S&P Global
(+44) 7483 368 605
isabel.allanwood@spglobal.com 

Notes to Editors:

This is a thought leadership report issued by S&P Global. This report does not constitute a rating action, neither was it discussed by a rating committee.

About the S&P Global Institute
The S&P Global Institute is S&P Global’s new center for enterprise-wide thought leadership.

The Institute delivers insight on the complex and interconnected challenges facing today’s global leaders. Geopolitics, artificial intelligence, energy transition, and capital flows can no longer be understood in silos. They are colliding to fundamentally reshape the markets and the global economy.

To navigate this complexity, the Institute brings together data, research, and specialized expertise from across the entire S&P Global enterprise (Ratings, Energy, Market Intelligence, S&P Dow Jones Indices).

Operating at the intersection of capital markets, technology, energy, economy and geopolitics, we are dedicated to connecting the dots on these structural transformations, delivering the forward-looking perspectives that clients and decision-makers need to lead with confidence.

To find out more and read the full report, visit: spglobal.com/en/research-insights

About S&P Global
S&P Global (NYSE: SPGI) enables businesses, governments, and individuals with trusted data, expertise and technology to make decisions with conviction. We are Advancing Essential Intelligence through world-leading benchmarks, data, and insights that customers need in order to plan confidently, act decisively, and thrive economically in a rapidly changing global landscape.  

From helping our customers assess new investments across the capital and commodities markets to guiding them through the energy expansion, acceleration of artificial intelligence, and evolution of public and private markets, we enable the world’s leading organizations to unlock opportunities, solve challenges, and plan for tomorrow – today. Learn more at www.spglobal.com

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As electricity demand rises, Beko CEO Can Dinçer makes the case at COP31 for efficient, connected appliances that do more than consume power; they help manage demand.

ANTALYA, Türkiye, Nov. 12, 2026 /PRNewswire/ — Beko CEO Can Dinçer argued at COP31 that the energy transition has to electrify smarter as well as faster, and that much of that work happens at home. Speaking on the panel, ‘From Efficiency to Resilience: The Role of the Home-Appliance Industry in the Energy Transition’, at the pavilion of Beko’s parent company, Koç Holding, Dinçer set out the role energy-efficient home appliances can play in meeting growing electricity demand while reducing emissions and household energy costs.

The panel brought together Dr. Bilal Düzgün, Deputy Head of Energy Efficiency and Environment Department at the Turkish Ministry of Energy and Natural Resources; Paolo Falcioni, Director General of APPLiA; Dr. Mine Işık, IEA Energy Policy & Modeling Expert; and Can Dinçer, and was moderated by Ana Maria Carreno, Senior Director of Climate at CLASP.

Global electricity demand grew 3% in 2025 and is forecast to grow 3.6% in 2026, according to the International Energy Agency’s Electricity Mid-Year Update. Rising appliance ownership, air conditioning and heat pumps are among the drivers, alongside industrial growth, electric vehicles and data centres. Affordability is under pressure too: the same report finds that average spot wholesale electricity prices in the European Union were more than 30% higher year on year in the second quarter of 2026.

Türkiye’s COP31 Presidency has introduced the ’35 by 35′ Global Electrification Pledge, which aims to raise electricity’s share of global final energy consumption from just over 20% to 35% by 2035. It sits alongside the COP28 commitment to double the global average annual rate of energy efficiency improvements by 2030.

Meeting both goals means generating more clean power and using it more efficiently. Buildings are central to that: they account for more than half of global electricity consumption, and electrical appliances represent 45% of the electricity used in them, according to the International Energy Agency. Scope 3 value-chain emissions – the indirect emissions which occur through upstream and downstream operations – account for 99% of Beko’s total emissions, and more than 80% of those come from the use of products in people’s homes. Making appliances more energy efficient in everyday use is Beko’s biggest opportunity to reduce the Scope 3 emissions.

“Every kilowatt-hour saved at home can help reduce pressure on the electricity system and lowers household energy use and costs. That is why efficiency sits at the heart of how we design our products, and why we are glad to bring that experience to COP31 in Türkiye, where Beko was founded. Climate change is a global problem, and the answers will come from sharing what works, so it can be repeated at scale. We are here to be part of that,” said Can Dinçer, CEO of Beko.

On the ground at COP31

Earlier in the day, Can Dinçer also spoke on ‘Cooling a Warming World: Energy Access and Climate Change in Emerging Markets’ at the Türkiye Pavilion in the Blue Zone, alongside Dr Shezra Mansab Ali Khan Kharal, Pakistan’s Minister of State for Climate Change and Environmental Coordination, and Umar Ahsan Khan, CEO of Dawlance, with Michel Frédeau, Senior Partner at BCG, moderating. Drawing on Beko’s experience with Dawlance in Pakistan and Defy in South Africa, he argued that the markets where cooling demand is growing fastest are often those where efficiency standards are still developing, and that high-efficiency products should reach them before regulation requires it.

Beko is at COP31 alongside Koç Holding, COP31 Global Business Partner, as part of the ‘From Commitments to Action’ programme at Koç Holding’s pavilion in the Green Zone.

ABOUT BEKO  

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’   

www.bekocorporate.com   

*Licensee limited to certain jurisdictions.   
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.  

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MUMBAI, India, Nov. 12, 2026 /PRNewswire/ — FatakSecure today announced its partnership with Zurich Kotak General Insurance as a Corporate Agent, marking a strategic collaboration aimed at distributing various insurance solutions through digital channels.

Through this partnership, FatakSecure will leverage its digital platform to make insurance solutions more accessible and convenient for customers, while Zurich Kotak General Insurance will offer innovative insurance solutions and underwriting expertise, as part of the company’s broader strategy of expanding its digital ecosystem and reaching customers through innovative distribution channel. Together, the two organisations aim to strengthen insurance distribution and create a seamless digital experience for customers.

Under the partnership:

FatakSecure will act as a Corporate Agent to distribute Zurich Kotak General Insurance’s affinity and motor insurance solutions through its digital platform.Zurich Kotak General Insurance will provide insurance products and support the development of customer-centric insurance offerings.Both organisations will explore opportunities to expand into retail and embedded insurance and identify synergies that enhance customer reach through digital channels.

Commenting on the partnership, Bikash Chaudhary, CEO, FatakSecure, said: “At FatakSecure, our focus has always been on making financial protection solutions more accessible through a seamless digital experience. Our partnership with Zurich Kotak General Insurance marks an important milestone in strengthening insurance offerings and enabling customers to access insurance solutions with greater ease. We look forward to working together to co-create and deliver customer-centric solutions that address evolving protection needs and create long-term value.”

Mr. Birendra Mohanty, Chief Business Officer, Zurich Kotak General Insurance, added, “At Zurich Kotak, we are constantly working towards making protection solutions accessible wherever customers live, transact and engage digitally. Our association with FatakSecure reflects our commitment to making insurance more accessible and convenient for customers. By combining our risk expertise and product innovation capabilities with FatakSecure’s digital platform, we will be able to deliver superior solutions to customers and support the broader agenda of Insurance for All by 2047.”

About FatakSecure:

FatakSecure is a subsidiary of FatakPay Digital. It is licensed as a Composite Corporate Agent to solicit and sale insurance products. FatakSecure is an Insurtech platform enabling digital businesses to seamlessly embed tailored insurance products into their customer journeys. It works with digital NBFCs, lending platforms, fintechs, e-commerce and quick-commerce companies, and gig-economy and rider platforms to simplify insurance distribution and make relevant protection more accessible. Through robust API integrations, digital dashboards, automated MIS, and seamless financial reconciliation, FatakSecure enables partners to streamline and manage their insurance distribution processes while staying focused on their core business. The company is committed to making insurance simpler, transparent, and accessible through technology.

For more information, visit www.fataksecure.com

About FatakPay:

FatakPay is a Mumbai-based fintech platform focused on enabling instant, accessible financial solutions for underserved and emerging India. Through its suite of offerings, including instant loans, insurance, investments, and credit improvement tools, FatakPay aims to simplify and expand access to formal finance. Operating through its subsidiaries, FDPL Finance Pvt. Ltd. (an NBFC registered with the Reserve Bank of India) and FatakSecure (an insurance platform aligned with Insurance Regulatory and Development Authority of India guidelines), the company offers products ranging from instant loans of up to ₹20,000 and personal loans of up to ₹5 lakh, to affordable insurance solutions. Its ecosystem also includes credit-building tools like FatakUdaan, along with digital investment options such as gold and silver. Founded by Ajit Kumar and Abhishek Gandhi (co-founders of RupeeCircle), along with Amit Lodha and Amit Goyal, FatakPay is committed to building a financially resilient India by empowering users with simple, transparent, and reliable financial solutions.

About Zurich Kotak General Insurance:

About Zurich Kotak General Insurance: Zurich Kotak General Insurance Company (India) Limited ((Zurich Kotak General Insurance) is a 70:30 joint venture between Zurich Insurance Group and Kotak Mahindra Bank. The company adopted its new name in August 2024, following Zurich Insurance Group’s acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited. Originally established in 2015, Zurich Kotak has evolved into one of the youngest and fastest-growing non-life insurance firms in India. The company offers a comprehensive suite of non-life insurance products in Retail and Commercial segments designed to meet the evolving needs of individuals, families, and businesses. Backed by the global legacy of Zurich and the trusted brand of Kotak, the company is committed to building a modern, technology-driven insurance franchise that delivers reliable protection and long-term value, which supports India’s growing insurance penetration and financial resilience.

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