Many RE100 members want to achieve 100% renewable electricity before 2024
GN Bureau | January 18, 2017
Corporate sourcing of renewable energy can be a major driver of the transition to a robust, zero-emissions economy, said a report released to coincide with the World Economic Forum Annual Meeting in Davos.
The report, by RE100, a global, collaborative initiative of the influential companies committed to 100% renewable power, highlights the speed of the corporate transition to cleaner energy.
Many RE100 members have set an end goal for achieving 100% renewable electricity before 2024, and 11 members already achieved 100% renewable electricity prior to 2015 – sending a clear market signal to governments and investors around the world that growing demand for renewable energy must be met sooner rather than later.
Based on the latest available electricity consumption data (2015) from RE100 members, other findings in report are:
Damian Ryan, acting CEO of The Climate Group said: “It is really encouraging to see that more companies than ever are committing to bold climate action, helping us move towards a net zero-emissions economy. But we need to see faster progress. In order to deliver on the Paris Agreement and keep global warming well below two degrees, we need governments to remove policy barriers and create investment incentives that can provide easier access to renewable energy. And we need more business leaders to influence the usage of renewable power right along their supply chains.”
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