49 companies now represent more than 42 million megawatt hours (MWh) of annual renewable energy demand by 2020 — enough to power nearly 4 million US homes.
Monday, Dec. 7, 2015 – As governments around the world gather in Paris to negotiate solutions to climate change, six more companies signed on to the Corporate Renewable Energy Buyers’ Principles, a U.S. initiative that aims to make large-scale renewable energy easier for companies to buy. Together, their targets and plans represent more than 42 million MWh of demand for new renewable energy in the US by 2020.
This growing demand for renewables is critically important, signaling that more and more companies are moving toward cost-effective clean energy. But demand alone is not enough. There are many questions about how companies and governments setting ever more ambitious climate and renewable energy targets will meet those goals. The Buyers’ Principles offer a much-needed answer. More than simply a statement of intention to buy renewable energy, the Principles are a practical guide to utilities, utility regulators and renewable energy providers, helping them create the products their customers need to meet these goals.
By adding their names to the Principles, Google, McDonald’s, adidas Group, Nestle, Kellogg and Avery Dennison join a growing group of large energy buyers raising their voices in an urgent conversation ongoing across America. They are committing to work collaboratively to spur global progress on clean energy solutions.
The Renewable Energy Buyers’ Principles, a joint initiative of World Wildlife Fund and the World Resources Institute, originally launched in July 2014 with 12 companies representing 8.4 million MWh of demand.