Advancing Decarbonisation Through Clean Electricity Procurement
Executive Summary
The International Energy Agency (IEA) examines the full spectrum of energy issues, advocating policies that enhance the reliability, affordability, and sustainability of energy in its member countries and beyond. This report focuses on the increasing trend of corporations setting clean electricity goals, aiming to boost clean energy capacity and reduce emissions.
Corporate Clean Electricity Goals
The number of corporations announcing clean electricity pledges has grown significantly. Companies are setting specific goals to meet some or all of their electricity demand with clean supply. These goals can influence the deployment of various clean technologies and the resulting emissions reductions.
Introduction
This report explores the different procurement strategies that corporations can adopt to achieve their clean electricity goals. It uses the IEA's regional power system models for India and Indonesia to analyze the impacts of these strategies on emissions reduction, procurement costs, and technology deployment.
Key Findings
- Granular Goals: Setting more granular goals, such as matching hourly electricity demand, can stimulate the deployment of flexible technologies necessary for net-zero transitions in the power sector.
- Regional Variations: Different regions offer varying options for corporate procurement, influenced by legal and regulatory barriers.
- Policy and Regulatory Roles: Policymakers, regulators, system operators, and network owners play crucial roles in increasing the availability and impact of corporate procurement options.
Recommendations
- Emissions Accounting: Improve methods to account for emissions accurately.
- Power Sector Modelling: Use advanced models to assess the impacts of different procurement strategies.
- Detailed Recommendations: Provide tailored advice for different stakeholder groups to enhance the effectiveness of corporate clean electricity procurement.
Conclusion
The report aims to guide corporations in choosing impactful ways to procure clean electricity, while highlighting the importance of policy and regulatory support in facilitating corporate engagement in clean energy procurement.
This summary provides an overview of the report's main points, focusing on key data and findings related to corporate clean electricity goals and procurement strategies.
