In an echo of the RE100 renewables drive, EP100 companies are pledging to boost their energy efficiency
A new initiative launched last month by the Climate Group invites companies to sign up to double their “energy productivity” – the amount of product made per unit of energy used – by 2030, from a baseline no earlier than 2005.
The case for action is overwhelming. Studies show that doubling energy by 2030 in the US alone would save $327bn a year, create 1.3 million jobs and cut CO2 emissions by one third.
Launched in May, EP100 is a deliberate echo of another Climate Group-backed initiative, RE100, under which businesses undertake to source 100% of their electricity needs from renewables – albeit at a year of their own choosing. So far, 65 companies have signed up to the latter, ranging from Google and BT to Starbucks and Sky.
The two schemes are complementary, explains Climate Group chief executive Mark Kenber. “If you improve energy productivity, you make it easier to hit the 100% renewables target, because you’re using less energy overall,” he says.
Mountain to climb
But is a relative, rather than absolute, target the best goal to shoot for? After all, a company could double its energy productivity but still end up increasing total energy consumption – and carbon emissions –...