General Discussion

Uncle Joe

(58,365 posts) Wed Jul 2, 2014, 08:30 PM Jul 2014

Renewable Energy Saves Fortune 500 Companies Over $1 Billion

http://cleantechnica.com/2014/06/30/renewable-energy-saves-fortune-500-companies-1-billion/

Renewable energy is dismissed by some as being only for ‘greenies’ or as some kind of fringe technology, but a recent report has shown mainstream Fortune 500 companies are using it to save hundreds of millions of dollars every year. Collectively, they are saving about $1.1 billion dollars, according to the report put out by Ceres, David Gardiner & Associates, Calvert Investments, and World Wildlife Fund (WWF).

Some of the companies and their annual savings mentioned are:

UPS ($200 million)

Cisco Systems ($151 million)

PepsiCo ($120 million)

United Continental ($104 million)

General Motors ($73 million).

AT&T has installed 11 MW of renewable energy (as of 2013). Hewlett-Packard purchased 13% of their electricity from renewable sources in 2012. IBM has saved about $477 million from its efforts to conserve energy. Both Wal-Mart and Dell could save about one billion each through similar efforts.

“The world’s largest companies are demonstrating that investments in clean energy drive strong returns. Setting and meeting renewable energy targets helps companies and their shareholders to address clear risks and seize concrete opportunities, explained Bennett Freeman, a sustainability research and policy executive at Calvert.

(snip)

The same Fortune 500 companies listed in the Ceres report have also reduced their CO2 emissions by 58.3 million metric tons, which is similar to retiring about 15 coal power plants.

7 replies

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Renewable Energy Saves Fortune 500 Companies Over $1 Billion (Original Post) Uncle Joe Jul 2014 OP

Wow! sheshe2 Jul 2014 #1

I believe it is. Uncle Joe Jul 2014 #2

Yay! sheshe2 Jul 2014 #3

This thread needs a theme song. Uncle Joe Jul 2014 #4

k & r Duppers Jul 2014 #5

Duppers! Uncle Joe Jul 2014 #6

RENEWABLES TO GET MOST OF $7.7 TRILLION POWER INVESTMENTS Uncle Joe Jul 2014 #7

sheshe2

(83,789 posts)

1. Wow!

Reply to Uncle Joe (Original post)

Wed Jul 2, 2014, 08:47 PM

Jul 2014

This...

The same Fortune 500 companies listed in the Ceres report have also reduced their CO2 emissions by 58.3 million metric tons, which is similar to retiring about 15 coal power plants.

My fondest hope is that this is the wave of the future.

Thanks Uncle Joe.

Uncle Joe

(58,365 posts)

2. I believe it is.

Reply to sheshe2 (Reply #1)

Wed Jul 2, 2014, 08:52 PM

Jul 2014

Thank you, sheshe.

sheshe2

(83,789 posts)

3. Yay!

Reply to Uncle Joe (Reply #2)

Wed Jul 2, 2014, 08:56 PM

Jul 2014

Some good news then! Thanks I needed that, Uncle Joe.

Uncle Joe

(58,365 posts)

4. This thread needs a theme song.

Reply to Uncle Joe (Original post)

Wed Jul 2, 2014, 09:12 PM

Jul 2014

Duppers

(28,125 posts)

5. k & r

Reply to Uncle Joe (Original post)

Wed Jul 2, 2014, 10:18 PM

Jul 2014

Uncle Joe

(58,365 posts)

6. Duppers!

Reply to Duppers (Reply #5)

Wed Jul 2, 2014, 10:31 PM

Jul 2014

Uncle Joe

(58,365 posts)

7. RENEWABLES TO GET MOST OF $7.7 TRILLION POWER INVESTMENTS

Reply to Uncle Joe (Original post)

Wed Jul 2, 2014, 11:22 PM

Jul 2014

http://about.bnef.com/bnef-news/renewables-to-get-most-of-7-7-trillion-power-investments/

July 1 (Bloomberg) — Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.

About half of the investment will be in Asia, the region where power capacity will grow the most, according to the forecasts in a report released by Bloomberg New Energy Finance today. That will help global carbon dioxide emissions peak by the end of the next decade the London-based researcher said.

A glut of solar and wind manufacturing capacity has brought down prices of cells and turbines. That’s making clean energy plants in more locations profitable even though governments from Germany to the U.S. are scaling back incentives. Annual investment in technologies such as solar, wind and hydropower surpassed fossil fuels for the first time in 2011.

“What we are seeing is global CO2 emissions on track to stop growing by the end of next decade, with the peak only pushed back because of fast-growing developing countries, which continue adding fossil fuel capacity as well as renewables,” Michael Liebreich, chairman of BNEF’s advisory board said.

(snip)

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