Scaling up renewables: Corporates as solution providers
Scaling up the use of renewable electricity is critical for achieving climate goals, but currently only a quarter of the power mix is sourced from renewables. The International Energy Agency (IEA) and International Renewable Energy Agency (IRENA) estimate that renewable energy additions must be greater than 400 gigawatt (GW) per year to be aligned with achieving Paris goals, but currently a 200GW gap exists. Corporate demand for renewables is therefore an important means to fill the gap. This report sets out the different approaches corporates can take to source renewable electricity.