This report does not constitute a rating action. LONDON (S&P Global) Nov. 10, 2026--Clean technology deployment can deliver an economic and security"resilience dividend"by reducing countries'exposure to imported fossil fuels and global supply shocks, according to a report published today by S&P Global."Across nine advanced economies, we find less reliance on oil imports reduces the GDP impact of oil supply shocks by around 0.25 percentage points,"said Marion Amiot, Head of Climate Economics at S&P Global Ratings, who led the research."Yet, countries that have significantly lowered energy imports have largely done so by increasing domestic fossil fuel production."Europe and China show how that equation is beginning to change. Renewable energy has helped cushion Europe against
