Friday, September 16, 2016

General Motors pledges 100 per cent renewable power by 2050

Motor manufacturing giant joins 69 global businesses in RE100 project, promising to source clean power across operations by 2050

General Motors has promised to source 100 per cent of its power from renewables across all of its global operations by 2050.

The car manufacturing giant said yesterday it would source clean power from all its 350 operations across 59 countries to help it meet its internal climate goals.

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GM is also joining the global RE100 initiative, which has to date seen 70 businesses around the world commit to sourcing 100 per cent of their power from renewable sources.

The new renewable energy commitment builds on GM's previous goal to expand its renewable energy capacity to 125MW by 2020 - a target the company expects to exceed when two new wind projects come online later this year to help power four manufacturing operations.

"Establishing a 100 per cent renewable energy goal helps us better serve society by reducing environmental impact," said GM chairman and CEO Mary Barra. "This pursuit of renewable energy benefits our customers and communities through cleaner air while strengthening our business through lower and more stable energy costs."

GM said it currently saves $5m a year in energy costs through its use of renewables. It expects this figure to increase as more projects come online and the supply of renewable energy increases. 

Earlier this week GM also unveiled its first mass market all-electric car - the Chevy Bolt - which can drive for 238 miles on a fully charged battery. That would mean the vehicle having a longer range than the highly anticipated Tesla Model 3 electric vehicle, which will be able to travel 215 miles on a single charge. 

GM said the renewable energy pledge, alongside its pursuit of electric vehicles and more efficient manufacturing, was part of the company's "overall approach to strengthening its business, improving communities and addressing climate change".

In 2015, GM required nine TWh of electricity to build its vehicles and power its offices, technical centres and warehouses around the world, and the firm said it would need to continue improving the energy efficiency of its operations in order to meet the new 100 per cent renewables goal.

GM's announcement came on the same day as analysis by Climate Action Tracker suggested zero emission vehicles will need to have a dominant share of the car market by 2035 in order to meet the Paris Agreement lower target of limiting average global warming to 1.5C.

Moreover, the analysis suggested the last fossil gasoline or diesel-powered passenger vehicle would have to be sold around 2035 in order to keep within the 1.5C target.

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