Over the last few years there has been a significant increase in the voluntary demand for renewable energy sourced by large corporations to supply their own operations and supply chains. As of today, 40% of the Fortune 500 companies have set clean energy targets, over 50 businesses representing a market cap of USD 15 trillion have signed on to the Corporate Renewable Energy Buyers’ Principle and over 83 leading corporations have become part of RE100, a global, collaborative initiative of businesses committed to using 100% renewable electricity.
The subject of the corporate sourcing of renewables — as well as its growing interest — took centre stage at COP22 on Sunday, November 13 in Marrakech, Morocco. Throughout the course of a dedicated session organised by IRENA in collaboration with the Clean Energy Ministerial, RE100 and the World Business Council for Sustainable Development, the potential for corporate sourcing of renewables was further highlighted. Continue reading How Corporates are Taking the Lead in Renewable Energy