More than one third of the world’s 2,000 largest publicly traded companies have made some kind of net-zero commitment, and the list is growing quickly. A critical part of those corporate plans will be securing cleanly sourced electricity for their energy needs, but that requires that there is enough fossil-free electricity available on the grid for every company that prefers to use it. In 2021, renewable energy and nuclear power, combined, accounted for only about 37% of global electricity production. How can a company ensure that their electricity comes from among those fossil-free sources? And how can companies encourage the growth of clean electrical capacity, so that it will meet the growing demand of consumers?
These kinds of questions are exactly what Doug Miller, Deputy Director of Market & Policy Innovation at the Clean Energy Buyers Institute (CEBI), aims to answer. CEBI is a non-profit organization that collaborates with policy makers, leading philanthropies, and energy market stakeholders to identify and expedite the implementation of clean energy market solutions. They have also worked closely with the World Resources Institute (WRI), who designed the Greenhouse Gas Protocol, the most commonly used standards for companies to assess their carbon emissions impact. Doug joined Climate Now to explain what those standards are, why they are evolving, and some of the innovative tools that CEBI has identified that could be incorporated into the GHG Protocol to help both national electricity grids and the companies that use them achieve their decarbonization goals faster.
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