Why companies as diverse as eBay, IKEA and Mars are increasingly supporting US clean energy policies

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The Research Brief is a brief take about attention-grabbing tutorial work.

The huge concept

My new analysis of companies that seek to buy renewable electricity finds that enterprise is changing into a powerful new ally within the U.S. political battle to cease local weather change. Driven by pressure from environmental groups and by the increasingly competitive prices of wind and solar, many firms have pledged to energy their operations with clear power. But the legal and technical complexity of U.S. electricity markets has stalled company progress on their clear energy objectives. This has prompted firms as numerous as eBay, Mars, IKEA and Walmart to push for public insurance policies that increase the era of renewable power within the U.S. and make it extra accessible by means of mandates, incentives and different regulations.

Why it issues

Politically highly effective fossil gas pursuits have long steered U.S. policy toward carbon-intensive energy and economy. Increased business lobbying for clean energy policies by the likes of Nestle, Salesforce, Unilever and different giant firms has the potential to tip the political scale in favor of a carbon-free
financial system and assist the U.S. attain or exceed Paris Agreement emissions targets.

What nonetheless isn’t recognized

It continues to be unclear if clear power efforts by company power patrons will probably be sufficient to outweigh the massive political influence of the fossil gas trade in time to avert the worst effects of climate change. There’s little evidence of a slowdown in lobbying by fossil fuel interests, so the query is whether or not company lobbying for clear power will ramp up quick sufficient to alter the course of U.S. local weather and power coverage.

What’s subsequent

For my subsequent undertaking, I plan to compile a database of firms and industries which might be struggling to fulfill pledges for greening numerous company operations and provide chains. Using this database, I purpose to establish instances during which stronger public environmental insurance policies can assist companies meet a spread of environmental commitments. I additional purpose to establish methods to mobilize enterprise advocacy in favor of stronger environmental insurance policies.

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