WRI’s partnership with General Electric is one example of harnessing the power of business to solve environmental challenges. This year, GE launched “Ecomagination”, a climate strategy based on product development and operational performance goals. GE plans to double its revenue from energy-efficient and other green products while reducing its corporate greenhouse emissions by 2010. Working with WRI, as a member of our corporate working group on climate, GE made the business decision that it can find opportunity in selling technologies that reduce greenhouse gas emissions. When an iconic company like GE makes confronting global climate change a major element of its business strategy, other corporate leaders take heed.
WRI established its U.S. office in 1982. We work to improve water quality, increase awareness of local climate change impacts, and identify cost-effective emissions-reduction opportunities in the United States. Learn more about our work in the United States.
As the U.S. Environmental Protection Agency (EPA) moves forward with standards to reduce emissions from existing power plants—expected to be proposed by June 2014—many states are beginning to think about how they will comply. WRI’s fact sheet series, Power Sector Opportunities for Reducing Carbon Dioxide Emissions, examines the policies and pathways various states can use to cost-effectively meet or even exceed future power plant emissions standards. This post explores these opportunities in Michigan. Read about additional analyses in this series.
New analysis by WRI reveals that Michigan has already made big strides to reduce its carbon dioxide emissions, including saving energy and increasing renewable power. And, it has the potential to go even further. According to our research, Michigan can reduce its power sector carbon dioxide (CO2) emissions 33 percent below 2011 levels by 2020 by complying with existing policies and improving infrastructure already in place. Taking these actions now can help the state meet future EPA emissions standards for existing power plants and achieve significant economic benefits.
WRI assisted Whole Foods Market in completing the largest purchase of green power in U.S. history, 4598 kilowatt-hours per year from wind farms—enough to power 40,000 homes. Corporate leadership is essential to the growth of green power and Whole Foods’ purchase has set a new benchmark. Whole Foods worked with WRI because of the success of our Green Power Market Development Group, a partnership of Fortune 500 companies building corporate markets for renewable energy. Group members are now the nation’s largest corporate users of renewable energy. Starbuck’s, J&J, and IBM support wind power. DuPont and GM are the country’s largest corporate users of landfill biogas for thermal energy, while J&J, Staples, and GM are among the nation’s top business users of solar power.
Which companies are going to thrive in a carbon-constrained future? It’s a critical question that the capital markets are currently ill-equipped to answer. Citigroup Investment Research, in partnership with WRI’s Capital Markets Research Team, looked at the risks and opportunities that climate change is creating for business. The findings were distributed to Citigroup’s real client base, including the largest investment and mutual funds in the world. When Citigroup, the world’s largest financial services company, says there are opportunities to make money solving climate change problems, investors will listen and other financial institutions will be inspired to follow. This is an example of the power of market-based strategies to steer business investment and innovation toward solutions to environmental and development challenges.
Our work with Time Inc., the world’s largest magazine publisher, is a terrific example of the successes enabled by our partnership-based approaches. While many companies set their own internal greenhouse gas (GHG) reduction targets, Time Inc. announced a GHG reduction target goal for its paper suppliers. This groundbreaking move sets a new standard for a company having impact along its supply chain. Time Inc. worked with WRI to implement this initiative. They also were part of WRI’s Climate Northeast Partnership, working to build strategies that will allow companies to thrive in a carbon-constrained economy. When an iconic company like Time Inc. takes confronting global climate change seriously, other industry leaders take heed.
Mandatory reporting programs help build a strong foundation to manage greenhouse gas (GHG) emissions and strengthen countries’ capacity to adequately tackle climate change. This working paper provides insight into the factors influencing the design and development of reporting programs and...
As the U.S. Environmental Protection Agency (EPA) moves forward with standards to reduce power plant emissions—which are due to be finalized in June 2015—many states are wondering how they will comply. WRI’s fact sheet series, Power Sector Opportunities for Reducing Carbon Dioxide Emissions, examines the policies and pathways various states can use to cost-effectively meet or even exceed future power plant emissions standards. This post explores these opportunities in North Carolina. Read about additional analyses in this series.
Collaborations to deliver affordable clean energy
International climate action took an encouraging step forward today. President Obama reached agreements with the G-20 and with China to phase down the use of hydrofluorocarbons (HFCs), potent greenhouse gases used in appliances like refrigerators and air conditioners.
As extreme weather events like wildfires, heat waves, downpours, and droughts continue to make headlines in the United States and around the world, many have wondered what their connection is to climate change. A new report sheds some light, firmly drawing correlations between several extreme weather events in 2012 and human-induced warming.