• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
Celebrating our 1,000th edition. The climate news you need
No Result
View All Result
The Energy Mix
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  FEATURED
BREAKING: No Public Finance for East Coast LNG Projects, Wilkinson Says July 4, 2022
‘Climate Math Gets Harder’ as Radicalized Supreme Court Upends U.S. Carbon Regulation July 4, 2022
Dire Living Conditions, Climate-Driven Heat Wave Produce Deadliest Human Smuggling Event in U.S. History July 4, 2022
Ex-Fossil Workers Convert Old Oilfields to Solar Farms After ‘Rapid Upskilling’ in Alberta June 29, 2022
London Becomes Biggest City to Sign Fossil Fuel Non-Proliferation Treaty June 29, 2022
Next
Prev
Home Climate & Society Community Climate Finance

Renewables Targets Save Fortune 500 Companies $3.7B Per Year

May 4, 2017
Reading time: 1 minute

hpgruesen/ Pixabay

hpgruesen/ Pixabay

 

Nearly 40% of Fortune 500 companies are collectively saving US$3.7 billion per year by setting targets for renewable energy procurement, according to the Power Forward 3.0report released last week by WWF, Ceres, Calvert Research & Management, and the Carbon Disclosure Project.

“We’re not talking about anecdotal information anymore,” said Marty Spitzer, WWF’s Washington-based senior director of climate and renewable energy. “We’re talking about large, large savings.”

About 63% of Fortune 100 companies now have renewable energy targets, Renewable Energy World reports, as do 44% of the 100 smallest in the Fortune 500, up from 25% in 2014.

“Potential savings and sustainability goals prompted corporations to buy almost 3.7 GW of power generated by clean energy projects in 2015, and another 2.5 GW last year, almost all from wind and solar,” REWorld notes, citing Bloomberg New Energy Finance. And while the initial impetus came from IT giants like Google/Alphabet, Apple, and Salesforce, “it’s no longer just tech companies.”

The 190 firms in the study “reported emission reductions equivalent to mothballing 45 coal-fired power plants for a year, according to the report. It also found that 23 of Fortune 500 companies have 100% renewable-energy targets.”



in Community Climate Finance, Ending Emissions, Solar, United States, Wind

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Wikimedia Commons
Oil & Gas

BREAKING: No Public Finance for East Coast LNG Projects, Wilkinson Says

July 4, 2022
117
angela n./flickr
United States

‘Climate Math Gets Harder’ as Radicalized Supreme Court Upends U.S. Carbon Regulation

July 4, 2022
118
EdmondMeinfelder/flickr
Environmental Justice

Dire Living Conditions, Climate-Driven Heat Wave Produce Deadliest Human Smuggling Event in U.S. History

July 4, 2022
35

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

angela n./flickr

‘Climate Math Gets Harder’ as Radicalized Supreme Court Upends U.S. Carbon Regulation

July 4, 2022
118
Wikimedia Commons

BREAKING: No Public Finance for East Coast LNG Projects, Wilkinson Says

July 4, 2022
117
U.S. Navy/picryl

Montreal to Host New NATO Climate Centre as Military Analyst Confronts Global ‘Hyperthreat’

July 4, 2022
81
opinion polling gender green recovery climate action

Conservative Women Far More Likely Than Men to Support Green Transition, EcoAnalytics Research Finds

July 4, 2022
80
Maurits90/Wikimedia Commons

San Francisco Commuter Train Derailed by Scorching Track Temperatures, Extreme Heat

July 4, 2022
49
EdmondMeinfelder/flickr

Dire Living Conditions, Climate-Driven Heat Wave Produce Deadliest Human Smuggling Event in U.S. History

July 4, 2022
35

Recent Posts

Adrian Grycuk/Wikimedia Commons

Youth Climate Case Moves to Top Tribunal in European Court

July 4, 2022
34
Seci/wikimedia commons

Saudi Aramco Talks Net-Zero, Plans to Boost Production Through 2035

July 4, 2022
21
Keith Weller/Wikimedia Commons

U.S. Methane Plan Gives Big Ag a Free Pass

July 4, 2022
28
Fadi Hage/wikimedia commons

Indoor Farming Revolution Comes with Significant Carbon Cost

July 4, 2022
37
Mont SUTTON snow terrain

Southern Quebec Towns Scramble for Solutions as Water Sources Dwindle

July 4, 2022
37
Pxhere

Marine Stewardship Figures Prominently in Latest Project Drawdown List

July 4, 2022
24
Next Post
Dawn Ellner/flickr

‘Arsonists in the Fire Department’ Block Global Progress on Climate

The Energy Mix

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Navigate Site

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Follow Us

No Result
View All Result
  • Canada
  • UK & Europe
  • Fossil Fuels
  • Ending Emissions
  • Community Climate Finance
  • Clean Electricity Grid
  • Cities & Communities

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}