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renewable energy

Big business backing for renewables

More big names have joined an international initiative of corporations committed to shifting to 100% renewable power across their global operations by 2020.

JPMorgan Chase and Citi bank are two of the latest to sign up to the RE100 campaign – led by The Climate Group and CDP. It now has 110 members – from around the world – representing a cross-section of industries.

“Business has an essential role to play in advancing the transition to clean energy and a safe climate.  Our commitment to source renewable power for 100% of our global energy needs by 2020 – which is paired with a plan to facilitate US$200 billion in clean energy financing through 2025 –  is driven by ‘out-of-the-box’ innovators and a commercial approach that will deliver a more resilient energy supply chain,” said Matt Arnold, Global Head of Sustainable Finance, JPMorgan Chase.

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