Scaling up the use of renewable electricity is critical for achieving climate goals, but currently only a quarter of the power mix is sourced from renewables. The International Energy Agency (IEA) and International Renewable Energy Agency (IRENA) estimate that renewable energy additions must be greater than 400 gigawatt (GW) per year to be aligned with achieving Paris goals, but currently a 200GW gap exists. Corporate demand for renewables is therefore an important means to fill the gap.
This report is a guide for corporates that are thinking about how to source 100 percent of their power consumption from renewable energy (RE). The aim is to highlight the different approaches of companies that have joined the RE100 initiative, a commitment made by 150 companies (at the time of print) to completely decarbonise their demand for power.