Beware the Green Corporate Scam: the 100% Renewable Facade

counterpunch.org · by José Madero

A few months ago, Google announced that they will achieve their goal of being 100% powered by renewable energy in 2017 [1]. They are not the only corporation with such lofty goals. Google is joined by GM, Apple, Coca Cola, and more than one hundred companies who have also pledged to go “100% renewable” [2].

It would be easy to believe that this means a great victory for the planet, that the demise of fossil fuels is incoming, that environmentalism has won and that climate change will soon be a thing of the past. Yet the foul smell emerging from tax-dodging transnationals jumping all together into a bandwagon cannot be ignored.

Despite their claims, none of the companies in the RE100 list is actually going to receive all of its energy from renewable sources. The “100% renewable” label is a façade, a marketing gimmick used by corporations to pretend they are the good guys while their unfettered thirst for profits continues unopposed. This corporate lie is enabled by the abuse of Renewable Energy Certificates (RECs) which allow companies to buy their way into “green” without having to change any of their practices. Here is Google’s actual claim:

“Google will buy, on an annual basis, the same amount of MWh of renewable energy as the MWh of electricity that we consume for our operations around the world” [3].

Behold the magic of the RECs. When a renewable energy facility creates one MWh of energy, it not only creates electricity, it also gets a certificate, a REC, which states that one MWh of clean energy was created. The REC can then be sold, either together with the electricity or separate from it. The purchaser of the REC can then claim to have bought “green energy” without having ever done so. This means that you can buy 100 MWhs from your local utility provider, most likely produced in coal or natural gas power plants, and as long as you also buy 100MWhs worth of RECs, you can claim to be “powered by 100% renewables” even if that clearly is not the case. In that sense, RECs are the ultimate virtue signalers. They allow corporations to proudly wear the green badge without having to change in any way their energy consumption. . .

via Beware the Green Corporate Scam: the 100% Renewable Façade

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