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New initiative to boost corporate sourcing of renewables

Staff writer |
Governments and private sector corporations have committed to work together to scale up renewable energy under a new campaign launched at the 7th Clean Energy Ministerial (CEM) meeting in San Francisco.

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The Corporate Sourcing of Renewables Campaign will build partnerships to increase the number of companies committed to sourcing renewable energy for their operations.

Irena (International Renewable Energy Agency) joins the Renewable Energy Buyers Alliance, RE100, World Business Council for Sustainable Development and the World Resources Institute as initiative partners. At the government level, Germany and Denmark will lead the campaign in collaboration with China, the European Union, Mexico, the UK, and the U.S.

Together with CEM member governments, campaign partners will develop and deploy enabling policies and resources to help businesses source more renewable energy.

“The private sector accounts for roughly 50% of the world’s electricity consumption and so must play a key role in the ongoing global energy transition. Switching this demand to renewables will decrease emissions, generate jobs, and deliver a host of other environmental, social, and economic benefits across the globe.

“IRENA looks forward to collaborating with initiative partners to reach this aim,” said Adnan Z. Amin, Irena director-general.

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