In 2017, companies bought a record 5.4 gigawatts (GW) of clean energy, but this figure will be far surpassed in 2018.
The business community is buying more renewable energy than ever as falling costs and improved technology have made it more affordable and available.ĭemand is being driven by the fact that renewable technologies increasingly offer one of the cheapest sources of electricityĬorporate purchases of renewable energy are now a key driver of the clean energy market thanks to schemes such as RE100, where companies, now 152 in number, have committed to source 100% of their electricity from renewable sources, and the 492-strong Science Based Targets Initiative, where firms align their emissions with the requirements of the Paris Agreement. The way companies measure and account for the renewable energy they buy is set to change, potentially shaking up the corporate clean power market and how companies cut their emissions. Mike Scott looks at how upcoming revisions to reporting rules for greenhouse gas emissions will address growing concern about use of renewable energy certificates
