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Renewable energy advocacy agency RE100 said in a new report that the Asia-Pacific market is one of
the most challenging for global businesses to switch to 100 percent renewable energy.
RE100 is a program launched by Climate Group in partnership with CDP to bring together
the world's most influential companies committed to providing 100% renewable electricity.
In terms of countries and regions, the markets of Argentina, Australia, China, Indonesia, Japan, New Zealand, Singapore, Taiwan, South Korea and Russia are among
the most challenging to convert to 100% renewable energy.
According to the report, RE100 member companies use 81% renewable energy in their facilities and operations in Europe, 59% in North America and 16%
in Asia Pacific.
However, business demand for clean energy in the Asia-Pacific region is growing rapidly
.
In 2020, 60 companies joined the RE100 program, 42% of which were from the Asia-Pacific region
.
The report says 75 percent of RE100 members aim to run
on 100 percent renewable electricity by 2030.
Of these, 31% plan to reach 100% renewable electricity
by 2020.
The 162 members also set science-based targets to reduce greenhouse gas emissions
.
Currently, RE100 members purchase 113 TWh of renewable energy per year, up 29.
88%
from 87 TWh per year in 2018.
Renewable energy purchases have almost doubled
since 2015.
Sam Kimmins, head of RE100, said: "Corporate demand for renewable energy is reducing costs and driving global investment
.
However, due to regulatory restrictions and high costs, some markets have not been able to benefit
from this demand-driven energy revolution.
”
The report also mentions that in 2020, power purchase agreements (PPAs) accounted for nearly 26% of members' total renewable energy purchases, up from 19%
in 2019.
In India, RE100 member companies procured 470.
88 GWh of power through EAC and 202.
62 GWh through PPA in 2020
.
According to the latest report from the International Energy Agency, after the worst decline in decades, global electricity demand is expected to rebound
modestly next year, led by China, India and other emerging economies.
Renewable energy advocacy agency RE100 said in a new report that the Asia-Pacific market is one of
the most challenging for global businesses to switch to 100 percent renewable energy.
RE100 is a program launched by Climate Group in partnership with CDP to bring together
the world's most influential companies committed to providing 100% renewable electricity.
In terms of countries and regions, the markets of Argentina, Australia, China, Indonesia, Japan, New Zealand, Singapore, Taiwan, South Korea and Russia are among
the most challenging to convert to 100% renewable energy.
According to the report, RE100 member companies use 81% renewable energy in their facilities and operations in Europe, 59% in North America and 16%
in Asia Pacific.
However, business demand for clean energy in the Asia-Pacific region is growing rapidly
.
In 2020, 60 companies joined the RE100 program, 42% of which were from the Asia-Pacific region
.
The report says 75 percent of RE100 members aim to run
on 100 percent renewable electricity by 2030.
Of these, 31% plan to reach 100% renewable electricity
by 2020.
The 162 members also set science-based targets to reduce greenhouse gas emissions
.
Currently, RE100 members purchase 113 TWh of renewable energy per year, up 29.
88%
from 87 TWh per year in 2018.
Renewable energy purchases have almost doubled
since 2015.
Sam Kimmins, head of RE100, said: "Corporate demand for renewable energy is reducing costs and driving global investment
.
However, due to regulatory restrictions and high costs, some markets have not been able to benefit
from this demand-driven energy revolution.
”
The report also mentions that in 2020, power purchase agreements (PPAs) accounted for nearly 26% of members' total renewable energy purchases, up from 19%
in 2019.
In India, RE100 member companies procured 470.
88 GWh of power through EAC and 202.
62 GWh through PPA in 2020
.
According to the latest report from the International Energy Agency, after the worst decline in decades, global electricity demand is expected to rebound
modestly next year, led by China, India and other emerging economies.
