9 Major U.S. Corporations Commit to 100% Clean Energy
This week brought yet another sign that climate action has reached a tipping point – at Climate Week NYC yesterday, nine large corporations announced their plans to get 100 percent of their power from renewable sources. The companies, which included such household names as Walmart, Starbucks, and Johnson & Johnson, signed on with RE100, a global initiative that encourages influential companies to transition to clean energy.
According to RE100, the private sector is responsible for over half of energy consumption worldwide, so switching to cleaner sources would mean a huge reduction in carbon emissions. But even beyond that, these commitments represent a shift in the way businesses are thinking about and addressing climate issues. As this TIME article points out, more and more companies recognize that climate change poses a risk to their business and to the economy, and they also understand the financial and social benefits of taking action.
Creating a low-carbon future will require strong leadership from both the private and public sectors. Our MomentUs initiative helps empower business, community, faith, health, and higher education leaders to raise awareness of climate issues and work together on solutions. Click here to learn more about our business program, America Knows How.
By Justin Worland, contributor to TIME Magazine
Walmart, Goldman Sachs and Starbucks all committed using 100% renewable energy
Politicians and policymakers have long explained their opposition to action on climate change as an effort to protect the economy and jobs. Reducing harmful greenhouse gas emissions would require devastating economic losses, their argument goes.
But in recent years large corporations have changed their tune, slowly eroding the economic argument for inaction. On Wednesday, nine Fortune 500 companies announced plans to switch to sourcing 100% renewable energy, joining a growing group of corporations recognizing the risks of climate change.
Image credit: Cultura/Mischa Keijser—Getty Images