NewEnergyNews: Corporates Step Up On New Energy

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    Thursday, June 06, 2019

    Corporates Step Up On New Energy

    How corporates are leading the 100% renewable energy transition; An historic new report from Energy Watch shows that we can reach 100% renewable energy in just a few decades, and it’s affordable; making this the clear answer to tackling climate change.

    Frans Van Den Heuvel, June 5, 2019 (PV Magazine)

    “…[The transition to 100% renewables is already happening and the corporate world is] leading the charge…[A] growing number of companies are de-risking their operations by shifting away from increasingly volatile fossil fuels…It signals a remarkable turnaround from the early days of the industry, when solar power was out of the question for the majority of corporates…[In 2019, over 170 companies have made] the commitment to switch to 100% renewable energy, with 37 already at 95%...From Ikea and Unilever, to Mars and Budweiser, these businesses are some of the world’s most influential companies, all members of the RE100 and 100% committed to a zero carbon future…

    [Corporate New Energy Power Purchase Agreements (PPAs) have created over 10 million jobs in the] global renewable energy sector…[and RE100 members have invested] over $94 billion…Bloomberg NEF calculates that the RE100 signatories will need to purchase an additional 197 TWh of renewable energy in 2030 to reach their 100% targets – which will need to be met with a 100GW of new renewable plants. This demand will drive an investment of around $90 billion into renewable power over the next decade…Corporate leadership like this should be celebrated…[but governments around the world must] embrace this change and remove all remaining policy barriers…” click here for more

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