Microsoft and Facebook Partner to Develop Clean Energy
(3BL Media/Justmeans) – According to the Intergovernmental Panel on Climate Change (IPCC), low-carbon sources must produce most of the world’s power by 2050 to minimize the risks of climate change. Renewables, which have a 30 percent share in power generation today, must grow to 80 percent by 2050. Conventional fossil fuel energy must be completely phased out by 2100.
Some forward-looking companies are joining hands to meet the stiff clean energy challenge as a combined global force. Tech giants Microsoft and Facebook have pledged to develop 60GW of renewable energy by 2025, along with companies including Unilever, Kellogg's and IKEA as part of the newly launched Renewable Energy Buyers Alliance (REBA).
When completed, the 60GW target would provide enough renewable capacity to replace all the coal-fired power plants in the U.S. that are expected to be closed within the next four years. REBA will work with companies, including Google, GM and McDonalds, to help them overcome hurdles faced when negotiating with utilities and regulators in efforts to reduce carbon emissions.
REBA will be supported by four non-governmental organizations, including Business for Social Responsibility (BSR), the Rocky Mountain Institute, World Resources Institute (WRI) and the World Wildlife Fund (WWF). These NGOs will aid more than 60 companies to transform U.S. power systems through renewable energy.
The REBA coalition is another example of tech companies working together to build a sustainable future. In 2015, some of the world's most powerful figures including Bill Gates, Mark Zuckerberg and Richard Branson launched the Breakthrough Energy Coalition, aimed at creating affordable and reliable clean energy for the world.
Earlier this year, Google, Apple, Amazon, and Microsoft formed the “Tech Amici” to support the government’s call to lower electricity sector emissions by 32 percent by 2030 as part of the Clean Power Plan.
Image Credit: Flickr via The Hawaiian Electric Companies