today’s speakers : bryn baker senior program officer, climate change world wildlife fund

Today’s Speakers: Bryn BakerSenior Program Officer, Climate ChangeWorld Wildlife Fund Ellen Kennedy Manager, Environment and Climate Change Calvert Investments Anne KellyCo-Director, Policy Program & Director, BICEP Ceres

Rick Needham Director, Energy & Sustainability Google Rob ThrelkeldManager of Renewable EnergyGeneral Motors

March 21, 2012

Power Forward: About the Organizations

• Calvert Investments– An investment management company with

managed assets of more than $12 billion• Ceres

– A non-profit advocate for sustainability leadership in business and investing

• World Wildlife Fund– World’s largest conservation organization,

partnering with business for innovative changes

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

Timing of Commitments in Fortune 100 and Global 100 Companies with GHG and RE Targets

Why Are Companies Buying Renewable Energy?

1. Lock in long term energy price stability2. Reduce energy cost3. Diversify energy supply4. Meet GHG reduction goals5. Demand from investors and customers6. Demonstrate corporate leadership

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

Largest Barriers Identified by Companies

1. Cost of renewable energy

2. Internal competition for capital

3. Inconsistent policy

• Inconsistent incentives and regulation• Barriers to 3rd party PPAs• Lack of level playing field

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

Recommendations for Companies

Companies should:• Set time-bound GHG targets and ideally also RE

targets • Be transparent about the role renewable energy

plays in meeting their GHG targets• Support local, state and national policy that

enables renewable energy

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

Recommendations for Policy Makers

Policies should:• Create a level playing field with traditional fuels• Advance state and federal Renewable Portfolio

Standards • Enable power purchase agreements (PPAs) and

encourage on-site renewable power generation • Set a price on carbon and other negative

externalities

Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy

Strong Business Support for PTC“Extending the PTC lowers electricity prices for all consumers, keeps America competitive in a global marketplace and creates homegrown American jobs.” - September 18, 2012

Contact Information on the Report

• Bryn Baker Bryn.Baker@wwfus.orgWorld Wildlife Fund

• Ellen Kennedy Ellen.Kennedy@Calvert.comCalvert Investments

• Anne Kelly Kelly@ceres.orgCeres