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Today’s Speakers : Bryn Baker Senior Program Officer, Climate Change World Wildlife Fund Ellen Kennedy Manager, Environment and Climate Change Calvert Investments Anne Kelly Co-Director, Policy Program & Director, BICEP Ceres Rick Needham Director, Energy & Sustainability - PowerPoint PPT Presentation
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Today’s Speakers: Bryn BakerSenior Program Officer, Climate ChangeWorld Wildlife Fund Ellen Kennedy Manager, Environment and Climate Change Calvert Investments Anne KellyCo-Director, Policy Program & Director, BICEP Ceres
Rick Needham Director, Energy & Sustainability Google Rob ThrelkeldManager of Renewable EnergyGeneral Motors
March 21, 2012
Power Forward: About the Organizations
• Calvert Investments– An investment management company with
managed assets of more than $12 billion• Ceres
– A non-profit advocate for sustainability leadership in business and investing
• World Wildlife Fund– World’s largest conservation organization,
partnering with business for innovative changes
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy
Timing of Commitments in Fortune 100 and Global 100 Companies with GHG and RE Targets
Why Are Companies Buying Renewable Energy?
1. Lock in long term energy price stability2. Reduce energy cost3. Diversify energy supply4. Meet GHG reduction goals5. Demand from investors and customers6. Demonstrate corporate leadership
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy
Largest Barriers Identified by Companies
1. Cost of renewable energy
2. Internal competition for capital
3. Inconsistent policy
• Inconsistent incentives and regulation• Barriers to 3rd party PPAs• Lack of level playing field
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy
Recommendations for Companies
Companies should:• Set time-bound GHG targets and ideally also RE
targets • Be transparent about the role renewable energy
plays in meeting their GHG targets• Support local, state and national policy that
enables renewable energy
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy
Recommendations for Policy Makers
Policies should:• Create a level playing field with traditional fuels• Advance state and federal Renewable Portfolio
Standards • Enable power purchase agreements (PPAs) and
encourage on-site renewable power generation • Set a price on carbon and other negative
externalities
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy
Strong Business Support for PTC“Extending the PTC lowers electricity prices for all consumers, keeps America competitive in a global marketplace and creates homegrown American jobs.” - September 18, 2012
Contact Information on the Report
• Bryn Baker [email protected] Wildlife Fund
• Ellen Kennedy [email protected] Investments
• Anne Kelly [email protected]
