Latest Executive Order will target 40 percent reduction in GHG emissions in the federal government and across the supply chain.
For Immediate Release – March 19, 2015
Washington, D.C. – The American Council On Renewable Energy (ACORE) applauds President Obama’s new Executive Order that addresses the climate change threat, while also saving money for taxpayers. By also securing private sector commitments, including from ACORE members IBM, GE, and Battelle, the President’s actions send a strong signal to the markets and our global allies on the critical issue of carbon emissions reduction and support for clean energy.
“To address climate change effectively, this kind of leadership by example is precisely what’s needed from both government and the private sector” said ACORE’s interim President and CEO, Dan Reicher. “Goals like this one, which will save taxpayers some $18 billion in avoided energy costs over 10 years, reinforce something ACORE’s corporate members already know: that we can build a prosperous America with clean, renewable energy resources – without sacrificing our role as a global economic leader.”
The President’s Executive Order will cut the federal government’s greenhouse gas (GHG) emissions 40 percent over the next decade from 2008 levels and increase the share of electricity the government consumes from renewable sources to 30 percent. In addition to government commitments, several major Federal supply chain companies also announced commitments to cut their own GHG emissions, including significant investments in renewable energy.
Among those businesses are ACORE members GE, a global infrastructure and finance company, IBM, one of the world’s largest providers of IT services and solutions, and Battelle, a leading nonprofit research and development organization.
“As an increasing number of Fortune 100 businesses are turning to renewable energy, ACORE’s member companies are often leaders in best practices for sustainability strategies that protect a global corporation’s bottom line,” said ACORE’s Chief Operating Officer, Tom Weirich. “We’re proud to see ACORE members GE, IBM and Battelle join with the federal government to tackle one of the greatest challenges of our time, utilizing an approach that also demonstrates responsibility to shareholders.”
GE announced new commitments to invest a cumulative $25 billion in R&D and reduce water and greenhouse gas emissions by 20 percent from a 2011 baseline before the end of the year 2020. IBM announced two new goals, including a 2020 commitment to reduce CO2 emissions associated with IBM's energy consumption by 35 percent compared to a 2005 baseline. IBM also pledged to procure electricity from renewable sources for 20 percent of IBM's annual electricity consumption by 2020 – equivalent to 800,000 megawatt-hours per year of renewable electricity. Battelle is also setting a goal to reduce GHG emissions by 25 percent by the year 2025, and will apply strategies for sustainable buildings, pollution prevention, waste reduction, electronic stewardship, sustainable acquisition, renewable energy, and water efficiency.
ACORE, a 501(c)(3) non-profit membership organization, is dedicated to building a secure and prosperous America with clean, renewable energy. ACORE seeks to advance renewable energy through finance, policy, technology, and market development and is concentrating its member focus in 2015 on National Defense & Security, Power Generation & Infrastructure, and Transportation. Additional information is available at www.acore.org
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