S&P Global (NYSE:SPGI) published a new thought leadership report on November 13, 2026, during COP31 in Antalya, Turkey, examining how clean technology adoption can strengthen the economic, energy, and geostrategic resilience of nations while also creating new external dependencies, particularly on China.

Key Highlights

  • GDP impact quantified: Countries with greater oil import dependency face an additional 0.25 percentage points of GDP decline following an oil supply shock, according to the report.
  • EU renewables growth: Non-hydroelectric renewable energy production in the EU has increased by approximately 340 terawatt-hours (TWh) since 2021, a rise more than 70% above the growth recorded in the 2016-2021 period.
  • EV oil displacement: Battery electric and plug-in hybrid light vehicles on the road globally are estimated to displace 1.9 million barrels per day of oil demand in 2026, equivalent to roughly 2% of global oil demand.
  • China EV exports: China exported approximately 2.5 million electric vehicles in the first half of 2026, more than double the volume from the same period of the prior year.
  • China supply chain dominance: The report finds that China holds a dominant position across nearly all stages of the clean technology supply chain, from mining and processing of critical metals and minerals to components and finished technologies.
  • Multi-division analysis: The report combines analysis from S&P Global Institute, S&P Global Energy, and S&P Global Ratings, covering nine advanced economies plus case studies on Europe and China.

S&P Global Examines Clean Technology's Dual Role in National Resilience

According to the filing, the report titled "Adopting Clean Technologies: The Energy Resilience Dividend" was released during COP31 in Antalya, Turkey. It draws on joint analysis from three divisions of S&P Global, covering nine advanced economies as well as dedicated case studies on Europe and China. The central finding, as stated in the filing, is that investment in clean technologies can deliver benefits beyond climate objectives by reducing exposure to imported fossil fuels and to global fossil fuel price shocks.

The report notes that the EU's clean technology investment in 2026 is expected to be more than double 2021 levels. Marion Amiot, Head of Climate Economics at S&P Global Ratings, is quoted in the filing as stating that clean technology investment "can deliver benefits beyond climate targets by strengthening the resilience of countries against energy supply and price shocks." She added that "the nature of energy security is also changing" and that managing concentrated supply chains and new external dependencies "will become an increasingly important part of the resilience equation" as economies electrify.

Alexandra Dimitrijevic, President of S&P Global Institute, is quoted as saying that "energy, geopolitics, technology, and capital flows can no longer be considered in isolation." The filing also notes that S&P Global describes itself as a provider of data, expertise, and technology to businesses, governments, and individuals, with operations spanning capital and commodity markets, energy, and artificial intelligence. The report is characterized in the filing as a thought leadership publication and explicitly "does not constitute a ratings decision" and "has not been reviewed by a ratings committee."

What Was Disclosed

S&P Global published a report on clean technology adoption and energy resilience during COP31 on November 13, 2026. The report covers nine advanced economies, quantifies oil dependency and GDP effects, assesses EU renewable growth, and identifies China's dominance across the clean technology supply chain as a new strategic consideration.