By: Victoria Mills, Managing Director, EDF
The Clean Power Plan is topping the news as major coalitions of supporters have filed amicus briefs with the D.C. Circuit Court. With leading brands like Google, Apple, Adobe, Amazon, IKEA, Mars and Microsoft all stepping up and voicing support, you might wonder – what’s in it for them?
The plan, which will lower the carbon emissions from existing power plants 32 percent below 2005 levels by 2030, is a practical, flexible way for the U.S. to cut climate pollution and protect public health. President Obama has called it “the single most important step that America has ever made in the fight against global climate change.”
It’s encouraging to see many states, cities, power companies, public health and medical associations, and environmental organizations continue to push for smart environmental policy. The full list of Clean Power Plan supporters is here.
We are particularly excited about the range of private sector support for the Clean Power Plan.
When it’s fully implemented, the Clean Power Plan will create $155 billion in consumer savings—putting more money back into the pockets of customers. And, a successful Clean Power Plan will help companies meet their renewable energy and greenhouse gas reduction targets.
What’s in it for Companies? The Clean Power Plan will provide:
- Greater access to renewable energy sources. The Clean Power Plan will increase access to renewable energy by an estimated 30%. Google has already said the Clean Power Plan will help the company derive all electricity for its data centers from wind and solar.
- Lower average electricity bills. In 2030, when the plan is fully implemented, electricity bills are expected to be about 8 percent lower than under business as usual.
- Opportunity for job growth and investment. The Clean Power Plan will drive investment in low cost clean energy technologies, creating quality jobs and positioning American business to lead the transition to a low-carbon economy.
- Long–term price stability on energy. Companies will be able to reduce risk from energy cost uncertainty, like volatile fossil fuel prices, and improve long-term forecasting and business strategy.
The 365 companies that have previously shown their commitment to the Clean Power Plan are a step ahead. But other businesses can still catch up. This is an unprecedented opportunity for companies to align their internal sustainability goals with climate policy.
Over the past week dozens of other private sector organizations have stepped forward to support the Clean Power Plan. Leading power generators, large electricity consumers and other iconic brands all recognize the broad, society-wide benefits of the flexible approach at the heart of the Clean Power Plan.
These companies have demonstrated that there is a new bar for corporate climate leadership: standing up for specific, impactful, cost-effective policy, and stating in the brief, “policies like those embodied in the Clean Power Plan—will create a virtuous cycle of accelerated innovation, further price declines, and additional [clean energy] deployment.”
What you can do
There is still time for your company to take this next leadership step. As the hearing on the merits of the Clean Power Plan moves forward this June, here’s what you can do:
- Call on your state to move forward with state planning efforts to advance rigorous analysis, climate protections and new economic incentives, pollution reduction progress, and regulatory stability.
- Follow the Clean Power Plan case and be ready to publicly join leaders like Google, Microsoft and others in the voicing your support
- Set public goals to shift your power consumption to renewable sources.
- Share best practices around corporate sustainability.
Private sector leadership can help shape the future of energy and benefit your company, the economy and environment. The Clean Power Plan helps assure that both business and the planet can thrive.
See all the briefs in support of the Clean Power Plan here.
The chorus of corporate voices supporting smart climate policy is getting larger and louder – it’s time to join in.
This post originally appeared on our EDF+Business blog.