87 of the world’s leading companies are now members of RE100, creating demand for around 107 Terawatt hours (TWh) of renewable electricity – around the same amount of power consumed by the United Arab Emirates or The Netherlands. 34 leading businesses have joined RE100 in the last year, reflecting an increasing recognition of the business case, and the vital role that companies play in expanding the market for renewable energy. While growth has historically been focused around the US and Europe, 2015-16 saw RE100 welcome members from China and India, with favorable policy environments opening up new opportunities for corporate leadership in these regions.
According to IRENA’s REmap, a doubling of the renewable energy share in the global energy mix by 2030 combined with a doubling of annual improvements in energy efficiency would set the world on a path that could limit global warming well below 2 degrees Celsius (°C) above pre-industrial levels by the end of this century, in line with what the countries have agreed in Paris at the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change
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