Project Decarbonize: The Current State of Corporate Renewable Energy Adoption
The global effort to reduce emissions in commercial and industrial sectors is yielding results. Over the past decade, corporate initiatives have slowed the growth of energy-related carbon dioxide emissions to an annual increase of 0.5 percent, while global GDP growth averaged 3 percent.
Yet current efforts must scale to meet climate goals. This paper examines the strategies and innovations commercial and industrial companies are using to reduce their Scope 1, 2 and 3 emissions and achieve ambitious goals. Bringing together insights from sustainability leaders from organizations across various industries — including manufacturing, technology, retail and agriculture — the paper highlights the multifaceted approaches companies are using to decarbonize their operations.
Key topics include:
- How companies are deploying a blend of power purchase agreements, virtual power purchase agreements, renewable energy certificates and on-site generation to meet renewable energy needs.
- New regulatory frameworks implemented in California, Europe and elsewhere are creating structured paths and requirements for companies to disclose and manage their carbon footprint, including Scope 3 emissions.
- Key tactics being deployed by climate leaders — and the opportunities being missed by the laggards.
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