Renewable Alliance proposes energy shift to tackle global price shocks
By Abdullahi Lukman
The Global Renewables Alliance (GRA) has launched a five-point Renewables Action Plan, urging governments to accelerate the adoption of renewable energy in response to volatile global oil and gas prices.
The alliance warned that the latest energy crisis in the Middle East exposes the fragility of a fossil fuel-dependent system and represents a pivotal moment for the transition to clean energy.
Supported by six member associations, including the Global Wind Energy Council, Global Solar Council, Green Hydrogen Organisation, Long Duration Energy Storage Council, International Hydropower Association, and International Geothermal Association, the plan outlines immediate actions to break the cycle of recurring energy crises.
“The fastest and cheapest way to protect economies and households from price shocks is to accelerate renewables, energy efficiency, storage, strengthen grids and electrify end-use sectors,” said GRA CEO Bruce Douglas.
The action plan highlights five priorities: fast-tracking regulatory approvals for renewable and storage projects, addressing grid and storage bottlenecks, mobilising financing, accelerating electrification across transport, heating and industry, and scaling up renewable supply chains.
Eddie Rich, CEO of the International Hydropower Association and GRA vice-chair, emphasised the wider benefits: “Accelerating sustainable hydropower is not only an energy strategy—it’s risk reduction, price reduction, economic stability and long-term national security.”
Julia Souder of the Long Duration Energy Storage Council added that long-duration storage is critical to modernising energy systems and reducing reliance on volatile global fuel markets.
GRA’s plan comes amid renewed calls for global energy systems to embrace cleaner, more resilient solutions, as repeated price shocks continue to threaten households, businesses, and national economies worldwide.