The 2026 disruption in the Strait of Hormuz showed fossil energy to be a systemic risk to the global economy, not only a climate problem. Energy security and climate action should no longer be treated as separate agendas and phasing out fossil fuels, while accelerating electrification, is a way of building more resilient economies.

At the same time, electrification must not replace one vulnerability with another. Resilient energy systems will require diversified and responsible partnerships across critical minerals, processing, infrastructure and clean-energy supply chains.

The session will examine what it takes to turn national climate plans into bankable investments, deliverable projects, and durable partnerships. We would particularly value UNEP’s perspective on the gap between national climate plans and real-world delivery, as well as on how governments, businesses and international partners can accelerate the transition while strengthening resilience, energy security and long-term competitiveness.

Moderator:

• Madeleine Svenberg, Energy and Climate Policy Lead, Confederation of Swedish Enterprise 

Speakers and panellists: 

• Annika Ramsköld, Vice President Corporate Sustainability, Vattenfall 
• Patrick Mulholland, Partner, QIC 
• Miquel Muñoz Cabré, Senior Scientist, Stockholm Environment Institute