A group of large energy buyers developed the Buyers’ Principles to spur progress on renewable energy and to add their perspective to the future of the U.S. energy and electricity system. WWF and WRI facilitated their efforts.
The Principles publicly launched in July of 2014 with 12 signatories, initially representing 8.4 million megawatt hours of renewable energy demand by 2020. As of January 2017, 65 companies have signed on, representing over 48 million MWh of annual demand by 2020.
The Principles have been built on an understanding of what customers need, what regulators value, and how utilities have seized these opportunities effectively. Both WRI and WWF have over a decade of experience working with corporate energy buyers on practical options to procure clean energy. In 2000, WRI launched the Green Power Market Development Group (GPMDG), the first renewable energy “buyers” group of 11 major U.S. businesses. This subsequently expanded to Europe and India. Likewise, WWF has collaborated with large companies on climate and renewable energy through its Climate Savers and 3 Percent Solution programs. In addition, over the past two years, WRI and WWF has been facilitating collaborations between large corporate buyers and an increasing number of investor-owned utilities to develop innovative low-carbon energy products, while WWF has been actively pursuing opportunities to deepen dialogue with national organizations of utilities and regulators.
Corporate Renewable Energy Partnership
To maximize impact and simplify complexity for corporate buyers, this work is coordinated with and complementary to other organizations working with business and renewables. To simplify and standardize direct renewable energy transactions, we’ve teamed up with the Rocky Mountain Institute’s Business Renewables Center. We’ve also partnered with Business for Social Responsibility’s Future of Internet Power Initiative to address the unique renewable energy contracting needs of internet and data center companies, as one of the fastest growing sectors of demand for renewable energy. Together, the 4 NGOs – WRI, WWF, RMI and BSR – operate under the Corporate Renewables Partnership. In addition, we also coordinate with RE100 and Ceres. Together, we are able to scale our impact while making it easier and more efficient for businesses to leverage their influence.
The World Resources Institute (WRI) is a global research organization that spans more than 50 countries, with offices in the United States, China, India, Brazil, and more. Our more than 450 experts and staff work closely with leaders to turn big ideas into action to sustain our natural resources—the foundation of economic opportunity and human well-being.
World Wildlife Fund (WWF) is one of the world’s leading conservation organizations, working in 100 countries for over half a century. With the support of almost 5 million members worldwide, WWF is dedicated to delivering science-based solutions to preserve the diversity and abundance of life on Earth, halt the degradation of the environment and combat climate change.