Big New Energy Buy-In From High Big Biz
Big Business Steps Up For Clean Energy, Even As Washington Stands Down
Ken Silverstein, April 1, 2019 (Forbes)
“…[Economic growth and environmental protection are no longer] at odds with one another because the levelized cost of wind has come down 60% while the levelized cost of solar has fallen 80% since 2010, often making the two the cheapest forms of energy available. Using clean energy technologies is resulting in more efficient operations as well as lower emissions and enhanced brands…[The Renewable Energy Buyers Alliance (REBA), made up of such companies as Google, Facebook, Walmart, General Motors, Disney and Salesforce, is] targeting 60,000 megawatts of non-utility renewables deployments by 2025.
The group has multiple aims, namely to lower the barriers to entry and to step up and provide market signals that companies want clean energy, irrespective of Washington’s policies…Right now, 48% of the Fortune 500 and 63% of the Fortune 100 are vowing to cut their greenhouse gases, up their use of green energy or improve their energy efficiencies…[and] corporate America signed 6,500 megawatts of renewable energy contracts in 2018… [The business community and the power sector often appear before utility regulators to advocate for transmission expansion because companies] will locate where they have access to green energy, which will be built where state regulators grant permission to build new wires…[They also are united in protecting incentives for renewables while other energy sectors receive] government support…” click here for more