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Mary Sotos, Associate at WRI November 11, 2015 National Conference of State Legislatures THE ROLE OF THE PRIVATE SECTOR IN THE CLEAN POWER PLAN
Mary Sotos, Associate at WRINovember 11, 2015National Conference of State Legislatures
THE ROLE OF THE PRIVATE SECTOR IN THE CLEAN POWER PLAN
Corporate carbon footprints
•Direct emissions
• owned/operated plants, vehicles
•Indirect emissions
• Purchased electricity, heat, steam and cooling
•Value chain
60% electricity
use by business
40% global
emissions from
electricity, heat, steam and cooling
60% Fortune
100 companies have set clean
energy and GHG reduction
targets
Adopted targets in line with the Science Based Targets Initiative's Call to Action criteria
Coca-Cola Enterprises, Inc.Dell Inc.General Mills Inc.Procter & Gamble CompanySony CorporationThalys
Committed to adopt science-based targetsAstraZenecaAXA GroupBank J. Safra Sarasin AGBrown-Forman CorporationBT GroupCLP Holdings LimitedColgate Palmolive CompanyCommerzbank AGCTT - Correios de Portugal SADentsu Inc.
Diageo PlcEnelH&M Hennes & Mauritz ABHewlett-PackardHonda Motor CompanyING GroupKAO CorporationKellogg CompanyKeringKonica Minolta, Inc.Koninklijke KPN NV (Royal KPN)L'OréalMarsMorgan Sindall Group plc
MVV Energie AGNestléNissan Motor Co., Ltd.Pick 'n Pay Stores LtdPrincipal Financial GroupProximusRELX GroupRicoh Co., Ltd.Royal PhilipsSopra Steria GroupTiger BrandsTSKBUnilever plcWiproXerox Corporation
Committed to adopt targets in line with the Science Based Targets Initiative's Call to Action criteriaAditya Birla ChemicalsAtos SEAutodeskBank AustraliaBillerudKorsnäsCaesars EntertainmentChina Steel CorporationCorreos (Grupo Sepi)Delta Electronics, Inc.EDP - Energias de Portugal S.A.Eneco
Gas Natural FenosaGestampGivaudan SAGreen Coast Rubbish Inc.GreenStep Solutions Inc.Iberdrola SAICA GruppenInfigen EnergyKingfisherMarks and Spencer Group plcMills Office ProductivityNational Express GroupNational GridNovex Delivery SolutionsNRG Energy IncOrigin EnergyPhilip Morris International
Pukka HerbsRenaultSenior PlcSharp SixSiemensSodexoSSETAV AirportsTennant CompanyTeachers Mutual BankUnite StudentsWestpac Banking CorporationWoolworths Holdings Ltd505-Junk
Electricity emissions =
Amount you consume (kWh)
X GHG intensity of supply
Corporate Large-Scale PPA Market
Source: BNEF w/ RMI analysisSource: BNEF, RMI Analysis
MARKET CAP
$4 trillion44
Puget Sound Energy —Washington
Rocky Mt Power—Utah
NV Energy—Nevada
Duke Energy—NorthCarolina
Dominion Power—Virginia
Emerging green tariffs
MORE AFFORDABLE COMPLIANCE OPTIONS
Corporateneeds
Utility needs
-New RE
-Reduced supplier
emissions
MASS-BASED emissions capEmissions
allowance allowance allowance
RATE-BASED performance standardEmissions per MWh
Emission rate credit
(ERC)
Emission rate credit
(ERC)
Additional impact from consumers
allowance allowance allowance
Set-aside
allowance allowance allowance
Additional impact from consumers
Emission rate credit
(ERC)
Emission rate credit
(ERC)
Additional impact from consumers
Emission rate credit
(ERC)
Additional impact from consumers
No ERC issuance in
order to preserve impact-
beyond-regrequirement
• ENGAGE business energy customers in the design.
• DESIGN compliance with new renewable build and Buyer’s Principles in mind.
• EXPLORE feasibility of some part of voluntary consumer-driven RE as additional.
Mary Sotos
202-729-7627
http://www.wri.org
http://www.buyersprinciples.org
