Renewable energy (RE) sources are key to the global transition to a low carbon economy. Yet their reach and growth trajectory is not yet at the scale required to respond effectively to the climate challenge. This report focuses on how to unlock the power of clean energy by exploring the conditions needed to stimulate greater private sector investment in renewable energy. It draws on insights provided from 18 Fortune Global 500 companies that currently buy, or generate onsite, renewable energy and are looking to expand such investments.
The report builds on practical efforts led by the World Resources Institute (WRI) and supported by the Green Growth Action Alliance (G2A2) to develop large-scale corporate partnerships for bulk RE purchase. The goal is to help scale these efforts, and to provide actionable recommendations to governments on policies and regulatory frameworks that can support global companies with large energy needs to tap renewable energy. By focusing on policies that energy demand, rather than supply, this research sheds light on a neglected area of clean energy policy. Its findings lend real world experience and lessons learned to public and private efforts to scale clean energy.