{"id":14715,"date":"2017-01-11T16:58:41","date_gmt":"2017-01-11T22:58:41","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=14715"},"modified":"2017-01-11T17:05:20","modified_gmt":"2017-01-11T23:05:20","slug":"business-wont-back-down-on-clean-energy-future","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2017\/01\/11\/business-wont-back-down-on-clean-energy-future\/","title":{"rendered":"Business Won\u2019t Back Down on Clean Energy Future"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"http:\/\/business.edf.org\/files\/2017\/01\/Solar-jobs-in-US-300x193.jpeg\" alt=\"Solar jobs in the U.S. on the rise\" width=\"300\" height=\"193\" \/><em>By <a href=\"http:\/\/business.edf.org\/blog\/author\/tmurray\/\">Tom Murray<\/a>, vice president, Corporate Partnerships Program<\/em><\/p>\n<p>More than 530 companies and 100 investors signed the <a href=\"http:\/\/lowcarbonusa.org\/\">Low Carbon USA letter<\/a> to President-elect Trump and other U.S. and global leaders to support policies to curb climate change, invest in the low carbon economy, and continue U.S. participation in the Paris Agreement. \u00a0It\u2019s a powerful message from business leaders connecting the dots between prosperity and a low-carbon economy and confirming their commitment to continue to lead the way.<\/p>\n<p><strong>The private sector call for continued leadership on climate cannot be ignored.\u00a0<\/strong><\/p>\n<p>\u201cAll parts of society have a role to play in tackling climate change, but policy and business leadership is crucial,\u201d said Lars Petersson, president of\u00a0IKEA U.S.\u00a0\u201cThe Paris Agreement was a bold step towards a cleaner, brighter future, and must be protected. IKEA will continue to work together with other businesses and policymakers to build a low-carbon economy, because we know that together, we can build a better future.\u201d<!--more--><\/p>\n<p>Despite the climate uncertainty represented in President-elect Trump\u2019s cabinet picks and campaign rhetoric, business is moving forward, actively building a clean energy future. In recent months, Google, Microsoft, Smithfield Foods, Walmart and others have continued to prove what\u2019s possible through bold, science-based greenhouse gas reduction targets, investments in clean energy and expanded efforts to drive down emissions in their operations and supply chains. Adding to the mounting evidence that corporate America gets it and that momentum for business leadership is here to stay.<\/p>\n<ul>\n<li>Google has pledged to operate on <a href=\"https:\/\/blog.google\/topics\/environment\/100-percent-renewable-energy\/\">100%<\/a> renewable energy in 2017.<\/li>\n<li>Microsoft recently announced the largest wind power purchase agreement to date with a deal to buy 237 megawatts of capacity from projects in Wyoming and Kansas.<\/li>\n<li>Smithfield Farms, the largest pork producer in the world, will reduce greenhouse gas emissions 25% by 2025.<\/li>\n<li>Walmart has committed to removing a <a href=\"http:\/\/news.walmart.com\/2016\/11\/04\/walmart-offers-new-vision-for-the-companys-role-in-society\">gigaton<\/a> of emissions from its global supply chain by 2030.<\/li>\n<\/ul>\n<p>[Tweet &#8220;Business won\u2019t back down on clean energy future&#8221;]<\/p>\n<p>And clean energy investment is on the rise:<\/p>\n<ul>\n<li>U.S. investment in clean energy soared from an impressive <a href=\"https:\/\/www.bnef.com\/dataview\/clean-energy-investment\/index.html\">$10 billion to $56 billion<\/a> between 2004 and 2015.<\/li>\n<li>Microsoft-founder Bill Gates and nearly two dozen other business leaders launched a $1-billion fund that will finance emerging energy innovations.<\/li>\n<li>A<a href=\"http:\/\/www.divestinvest.org\/2016-report\/\"> new report<\/a>\u00a0shows investors controlling more than $5 trillion in assets have committed to dropping some or all fossil fuel stocks from their portfolios.<\/li>\n<\/ul>\n<p>These efforts are focused on accelerating the transition to a clean energy future. This might be surprising given the current political climate, but smart business leaders understand that decisions must be driven by long-term economics, not short-term politics. A thriving economy depends on a thriving environment. <div class=\"simplePullQuote right\"><p>A thriving economy depends on a thriving environment.<\/p>\n<\/div><\/p>\n<p>&#8220;With tens of billions of dollars of U.S. renewable energy investment in the works this year alone, and far more globally, the question for American political leadership is whether they want to harness this momentum and potential for economic growth,&#8221; said<a href=\"http:\/\/lowcarbonusa.org\/\"> Jonas Kron<\/a>, senior vice president at Trillium Asset Management.<\/p>\n<p>\u201cCreating jobs, and establishing the United States as an innovative world leader in creating a clean energy economy is a no brainer for the Trump administration,\u201d said Aspen Skiing Company CEO<a href=\"http:\/\/lowcarbonusa.org\/\"> Mike Kaplan<\/a>.<\/p>\n<p>The list of signatories to the Low Carbon USA letter has doubled since November, and includes some of the world\u2019s biggest and most innovative companies, including DuPont, General Mills, HP Enterprises, Pacific Gas &amp; Electric, Salesforce.com, Unilever, and more. These business leaders and many others know that accelerating climate policy and innovations is a pathway to creating jobs and strengthening the economy.<\/p>\n<p>A growing low carbon economy already has created jobs and driven economic growth across the U.S. In fact, over 2.5 million Americans now work in the clean energy industry, making above average wages. With China investing over <a href=\"http:\/\/www.forbes.com\/sites\/edfenergyexchange\/2017\/01\/06\/china-is-going-all-in-on-clean-energy-as-the-u-s-waffles-how-is-that-making-america-great-again\/#3b819c54663e\">$360<\/a><a href=\"http:\/\/www.forbes.com\/sites\/edfenergyexchange\/2017\/01\/06\/china-is-going-all-in-on-clean-energy-as-the-u-s-waffles-how-is-that-making-america-great-again\/#3b819c54663e\"> billion<\/a> in renewables, the U.S. simply cannot afford to change course on this powerful opportunity for environmental protection and economic growth while other countries capitalize.<\/p>\n<p>Business is ready to lead the way and accelerate the path towards a low carbon economy. Business has spoken. Will the President-elect and his new administration listen?<\/p>\n<p><em>This post originally appeared on our <a href=\"http:\/\/business.edf.org\/blog\/2017\/01\/11\/business-wont-back-down-on-clean-energy-future\/\">EDF + Biz<\/a> blog.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Tom Murray, vice president, Corporate Partnerships Program More than 530 companies and 100 investors signed the Low Carbon USA letter to President-elect Trump and other U.S. and global leaders to support policies to curb climate change, invest in the low carbon economy, and continue U.S. participation in the Paris Agreement. \u00a0It\u2019s a powerful message &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[42996,53091],"tags":[],"coauthors":[],"class_list":["post-14715","post","type-post","status-publish","format-standard","hentry","category-smart-power","category-energy-financing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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