In company with numerous representatives of leading utilities and energy companies, federal and state governments, large corporate purchasers, and market players, Tom Lindberg and Preben Munch, Director at ECOHZ, discussed how quickly the global landscape for renewable power solutions is changing.
Following this discussion at the forum for the clean energy marketplace, Lindberg made the following observations:
The corporate demand for renewable energy is showing strong growth.
There has been a real paradigm shift over the past 12 months. Companies are increasingly engaging in climate change issues, looking at how they can recreate their operations in a more sustainable fashion, and addressing which measures to take to secure a growing share of renewable power in their total energy consumption-mix. Driving these shifts are partly external factors like climate negotiations at COP21 in Paris, as well as increased pressure from within the companies themselves. Externally, the ambition to reduce corporate CO2 footprint and improve corporate sustainability ratings, directly affects how companies choose to source and procure their power.
Corporate initiatives gather momentum and play important role.
International initiatives such as RE100 and WeMeanBusiness bring together companies that publicly commit to increase their renewable energy consumption. American companies are fully engaged, alongside other multinational companies. These initiatives not only create a robust and transparent platform for sharing ambitious targets, own achievements and best practice, but also provide strong and cohesive support to the Paris climate negotiators. These initiatives are enabling leading businesses from a range of industries to move “from being passive bystanders to proactive contributors”.
International REC standard established – enabling global renewable claims.
“The burgeoning interest and public commitment among multinationals in expanding robust and transparent systems for procurement of renewable power to new parts of the world, confirms that these needs are not limited to certain countries and regional, but are truly global. The establishment of the International REC standard (I-REC), and it’s deployment in selected countries in Asia, South America and Africa, is based on more than 15 years of experience and learning in Europe and North America. These learning are summarized into a set of best practice guidelines, creating an open and robust platform for the I-REC Standard. This summer I-REC was deployed in two Asian markets this year, providing an important proof of concept, as well as a platform for further expansion later in 2015, and in 2016”, concluded Lindberg.