That $3 Trillion-a-Year Clean Energy Transformation? It’s Already Underway.

By Phil McKenna, Inside Climate News

To keep global warming in check, the world will have to invest an average of around $3 trillion a year over the next three decades in transforming its energy supply systems, a new United Nations climate science report says. It won’t be cheap, but it’s also a change that’s already underway . . . Corporate giants including Google and Apple, for example, purchase enough renewable energy to cover 100 percent of their power needs. The research and sustainability advocacy group Ceres has been working with companies and large investors for years to help them understand both the risks to their portfolios from high-carbon sources and the opportunities of investing in cleaner infrastructure as renewable energy prices fall. Ceres argued in a report released earlier this year that achieving a “clean trillion” in additional annual investment in clean energy and infrastructure is “eminently feasible.” Read more here.

Photo Credit: Dennis Schroeder/NREL

Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. Through powerful networks and advocacy, Ceres tackles the world’s biggest sustainability challenges, including climate change, water scarcity and pollution, and human rights abuses.
Initiatives include:
Climate Action 100+

Clean Trillion

ADDITIONAL INITIATIVES – JUST SOME OF THEM

The Corporate Renewable Energy Buyers’ Principles and the Business Renewables Center are the core initiatives of the Renewable Energy Buyers Alliance (REBA). 

REBA helps companies understand the benefits of transitioning to renewables, connecting large buyer demand to renewable energy supply, and helping utilities better understand and serve the needs of all energy buyers.

Click these links to learn more:

RE100 is a collaborative, global initiative uniting more than 100 influential businesses committed to 100% renewable electricity, working to massively increase demand for – and delivery
of – renewable energy. A growing number of RE100 businesses are also helping their suppliers access renewable energy for their own operations, exponentially contributing to global wind and solar energy deployment.

RE100 is sponsored by The Climate Group in partnership with CDP. Both organizations are part of the We Mean Business coalition, working with leading businesses around the world.

Sierra Club’s Ready for 100
Currently 88 cities have committed to 100% renewable energy in Sierra Club’s Ready for 100 initiative. The Sierra Club, founded in 1892, has 3.5 million members and supporters nationwide. Sierra Club’s Ready for 100 recently teamed up with Climate Parents and Seventh Generation for 100% clean energy.
Just Released: 2018 Case Studies Reports featuring 10 new cities that are ready for 100% clean energy!

The Billion Dollar Green Challenge
The Billion Dollar Green Challenge encourages colleges, universities, and other nonprofit institutions to invest a combined total of one billion dollars in self-managed “green revolving funds.” The Sustainable Endowments Institute launched The Challenge in 2011. Download a brief summary that explains The Billion Dollar Green Challenge, including partners and funders.

Interfaith Center on Corporate Responsibility
Currently celebrating their 47th year, the Interfaith Center on Corporate Responsibility (ICCR) pioneered the use of shareholder advocacy to press companies on environmental, social, and governance issues. This coalition of over 300 global institutional investors currently represents more than $400 billion in managed assets. Leveraging their equity ownership in some of the world’s largest and most powerful companies, ICCR members regularly engage management to identify and mitigate social and environmental risks resulting from corporate operations and policies.

Green Faith
Green Faith’s mission is to inspire, educate and mobilize people of diverse religious backgrounds for environmental leadership. “Our work is based on beliefs shared by the world’s great religions – we believe that protecting the earth is a religious value, and that environmental stewardship is a moral responsibility.”

As You Sow
Founded in 1992, As You Sow promotes environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies. Their vision is a safe, just, and sustainable world in which protecting the environment and human rights is central to corporate decision making. “Corporations are responsible for most of the pressing social and environmental problems we face today — we believe corporations must be a willing part of the solutions.”

Green America
Green America’s mission is to harness economic power—the strength of consumers, investors, businesses, and the marketplace—to create a socially just and environmentally sustainable society. The organization focuses on four areas for system transformation, insisting on social justice and environmental health across all sectors. “We believe if we can get these right, the rest of the economy will follow: 1. Climate and clean energy, 2. Sustainable food and agriculture,
3. Responsible investing and 4. Fair labor.” Campaigns include: Clean Energy Victory Bonds

Proxy Preview
Proxy Preview is a collaboration between three organizations: As You Sow, Sustainable Investment Institute, and Proxy Impact to help investors align their values with their investments. Publishes Annual Guide: Proxy Preview 2018 is the 14th edition of the insider’s guide to social and environmental shareholder proposals. This free publication is the #1 resource for shareholders looking to align their values and investments. “Bible for socially progressive foundations, religious groups, pension funds, and tax-exempt organizations” – Chicago Tribune

SocialFunds.com
Social Funds.com features over 10,000 pages of information on SRI mutual funds, community investments, corporate research, shareowner actions, and daily social investment news.

The Shine Campaign is a new, global campaign blending communities of faith, philanthropy and finance to solve energy poverty.