More than a dozen of the world’s largest businesses are committing to switch to 100% renewable power as early as 2020, and the RE100 initiative, launched on the first day of Climate Week in New York City, has plans to increase the roster to 100 companies. IKEA and reinsurance giant Swiss RE were the two founding sponsors, and early adopters include BT, Commerzbank, FIA Formula E, H&M, KPN, Mars, Nestle, Philips, Reed Elsevier, J. Safra Sarasin, and Yoox, GreenBiz reports. “Renewable energy is common sense energy,” said IKEA Chief Sustainability Officer Steve Howard. “There is no peak sun, no peak wind. We struck sun, we struck wind long before we struck oil.”
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