Huge surge in number of companies targeting 100% renewables by 2030. RE100 membership grew by one-third to surpass 200 businesses for the first time in 2019, with new additions over the past year having included JD Sports, Intu, The City of London Corporation, Gap, Virgin Media, 3M and Barclays. It also confirms the addition of four more companies to the commitment: Fashion giant Ralph Lauren Corporation, Taiwanese health food manufacturer Grape King, US-based toy company Radio Flyer and Japanese construction firm Hazama Ando Corporation. Ralph Lauren is notably aiming to set approved science-based targets in 2020, while Radio Flyer has already gained approval for its 2C-aligned targets. When analysing the RE100 cohort as a whole, The Climate Group found that the average target-date stands at 2028 and that one in three partaking companies are already using renewables to meet more than 75% of their annual energy consumption.
Edie 2nd Dec 2019 read more »
Business Green 2nd Dec 2019 read more »
Why ‘100% renewable energy’ pledges are not enough. Many large companies such as Google, Facebook, Apple and Netflix are setting the goal of being powered by “100 per cent renewable energy” — whether through direct procurement of supplies or offsetting policies.Yet when the sun stops shining and the wind stops blowing, I can still watch Game of Thrones. How is this?That answer lies in how the gap between renewable energy supply and electricity demand on grids is bridged. This is commonly achieved by deploying polluting fossil-fuelled electricity generation. For now, the ambition of meeting demand by tapping into large stores of excess renewable energy accumulated during periods of low consumption remains some way away. This can often mean that electricity consumed by companies making bold claims over their green energy procurement will still, at crucial times, depend on fossil fuels. This is not to dismiss the impact of their stated environmental intent: when renewables produce energy, some other generation source can be turned off. But the actual climate benefit of procuring renewable energy assets depends critically on the nature of the emissions produced by the generators displaced, more than on the intrinsic nature of the renewable power sources themselves.
FT 2nd Dec 2019 read more »