After the election of Donald Trump, many of us in the climate and energy fields were rightfully fearful. What would happen to international agreements to cut greenhouse gases? What would happen to funding for climate research? What would happen to the green energy revolution?
In most instances, Trump is worse than we could have imagined. But in one special area, Trump may not matter. That is in the growth of corporate purchasing of renewable energy. It turns out there are factors that even Trump cannot stop that make choosing renewable energy an easy decision for many companies.
New evidence about the unstoppable renewable energy wave recently came out in a report that was released by Apex Clean Energy and the GreenBiz Group. These groups surveyed corporations to determine their future plans on renewable energy installation and adoption. They wanted to know whether these plans had changed in the past few years and what motivated their decisions to implement renewable energy strategies. The outcome of this survey is available here for people who want to read the entire document.
The groups surveyed 153 major corporations (both public and private), whose combined revenue was in excess of $250 million. Among these companies, 84% are “actively pursuing or considering purchasing renewable energy over the next 5-10 years.” Surprisingly, they found that 43% of the corporations intend to be more aggressive in their pursuit of renewable energy in the next two years. 87% of those actively pursuing renewable energy purchases stated that the election of Trump had no impact on their decision.
In fact, 11% were more inclined to purchase renewable energy. Most surprising to me was that of the 128 companies that are actively pursuing or considering purchase of renewable energy over the next two years, all but 1 responded that they were “positive about either continuing forward or becoming more aggressive in their attempts to pursue renewables.”
A really important…