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Fri01302015

A.D.B. extends $100 million loan for India’s solar power projects

A.D.B. extends $100 million loan for India’s solar power projects

The Asian Development Bank is extending loans of up to $100 million to aid in pr...

Nebraska Supreme Court, House of Representatives supporting proposed Keystone pipeline route

Nebraska Supreme Court, House of Representatives supporting proposed Keystone pipeline route

Despite misgivings from the public and the White House, proponents of the Keysto...

Obama will not sign Keystone Pipeline bill

Obama will not sign Keystone Pipeline bill

President Barack Obama will not sign the Keystone Pipeline bill, saying that it ...

Senvion completes offshore wind farm over Christmas

Senvion completes offshore wind farm over Christmas

Senvion completed the installation of wind turbines for the Nordsee Ost offshore...

Vestas to supply wind turbines in Greece and Chile

Vestas to supply wind turbines in Greece and Chile

Danish wind turbine manufacturer Vestas ended 2014 with two supply contracts: on...

U.N. chief hails results of C.O.P. 20

U.N. chief hails results of C.O.P. 20

United Nations Secretary-General Ban Ki-moon hailed the results of the recently ...

Manufacturer’s perspective on the new U.S. emissions reduction target

Manufacturer’s perspective on the new U.S. emissions reduction target

The United States manufacturing sector may be opting for a more diversified way ...


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Business

Technology

Advantage of green cloud computing

Advantage of green cloud computing

Tuesday, 13 January 2015

Green computing is the usage of computing resources in an energy- and resource-efficient manner. Part of it is using computers that have been Energy S...

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Politics

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Living Green

How to green clean copper sinks

How to green clean copper sinks

Tuesday, 27 January 2015

Copper sinks are all the rage these days and it's easy to see why-they're gorgeous! My husband loves copper anything and likes when it weathers natura...

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Renewables

Hereford Wind Project in Texas begins commercial operations

Hereford Wind Project in Texas begins commercial operations

Wednesday, 28 January 2015

The 200-megawatt Hereford Wind Project in Texas has achieved commercial operation. EDF Renewable Energy, which purchased shares of the project in 2013...

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Low-Carbon

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Most of world’s largest companies say clean energy is good business

Most of world’s largest companies say clean energy is good business
Business man with suit, backpack and helmet riding rented bicycle in Trafalgar Square in London.

Most of the world’s largest companies initiate and do not take cues from the government in taking efforts to reduce greenhouse gas emissions and employ clean technologies, according to a new study.

“Power Forward: Why the World's Largest Companies are Investing in Renewable Energy,” a report co-authored by environmental group World Wide Fund for Nature, sustainability leadership consultant Ceres and investment management company Calvert Investments, found that majority of Fortune 100 companies have implemented renewable energy and emissions reductions targets.

In an interview with Fortune and Global 100 executives and assessment of public disclosures, it is revealed that 56 percent of them have set up their own emissions reduction goals while 13 percent have set up renewable energy goals.

Hence, these figures proved that many companies are shifting from short-term to long-term commitment to renewable energy, through strategies like Power Purchase Agreement and on-site clean energy projects.

Similarly, the study suggested that clean energy practices are becoming standard procedures for some of the largest and most profitable companies worldwide, including AT&T, DuPont, General Motors, HP, Sprint, and Walmart.

“The world’s largest companies are expanding their use of renewable energy because it makes good business sense – they see the value in diversifying their energy supply, mitigating fuel cost risk, cutting their energy-related emissions, and, in some cases, providing a physical asset with real value for the enterprise,” said Bennett Freeman, Senior Vice President for Sustainability and Research Policy of Calvert Investments.

“We strongly encourage all companies to set renewable energy targets and disclose these commitments, which we believe will help companies—and those who invest in them—address clear risks and seize concrete opportunities,” he added.

However, despite remarkable progress, the report noted that some companies still lag behind due to inconsistent policies.

The report suggested that the United States’ policymakers should promote tax credits or other incentives that level the cost renewable energy sources, specifically the extension of the Production tax Credit for wind energy in the United States, which will expire this year. Additionally, Renewable Portfolio Standards should be adopted in all states and policy hurdles in states that prevent companies from contracting to buy the cheapest renewable power available should be removed.

Mindy Lubber, President of Ceres, said one can truly recognize the “value” when most of the world’s largest companies are investing in clean energy. “It speaks volumes that almost all of these companies set their renewable energy and greenhouse gas goals after the economic downturn, precisely because they understand the economic benefits of efficiency and renewable energy. We encourage lawmakers to support policies that help companies meet and strengthen their clean energy goals.” – Catherine Dominguez



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