Why companies as diverse as eBay, IKEA and Mars are increasingly supporting US clean energy policies
- Written by Zdravka Tzankova, Associate Professor of Sociology, Vanderbilt University
The Research Brief is a short take about interesting academic work.
The big idea
My new analysis[1] of companies that seek to buy renewable electricity[2] finds that business is becoming a powerful new ally[3] in the U.S. political battle to stop climate change. Driven by pressure from environmental groups[4] and by the increasingly competitive prices of wind and solar[5], many companies have pledged[6] to power their operations with clean energy. But the legal and technical complexity of U.S. electricity markets[7] has stalled corporate progress on their clean power goals. This has prompted companies as diverse as eBay, Mars, IKEA and Walmart to push for public policies that expand the generation of renewable energy in the U.S. and make it more accessible through mandates[8], incentives[9] and other regulations[10].
Why it matters
Politically powerful fossil fuel interests have long steered U.S. policy toward carbon-intensive energy and economy[11]. Increased business lobbying for clean energy policies[12] by the likes of Nestle, Salesforce, Unilever and other large companies has the potential to tip the political scale in favor of a carbon-free economy and help the U.S. reach or exceed Paris Agreement[13] emissions targets.
What still isn’t known
It is still unclear if clean energy efforts by corporate energy buyers will be enough to outweigh the massive political influence[14] of the fossil fuel industry in time to avert the worst effects of climate change[15]. There’s little evidence of a slowdown in lobbying by fossil fuel interests[16], so the question is whether corporate lobbying for clean energy will ramp up fast enough to change the course of U.S. climate and energy policy.
What’s next
For my next project, I plan to compile a database of companies and industries that are struggling to meet pledges for greening various corporate operations and supply chains. Using this database, I aim to identify cases in which stronger public environmental policies can help businesses meet a range of environmental commitments. I further aim to identify ways to mobilize business advocacy in favor of stronger environmental policies.
[Deep knowledge, daily. Sign up for The Conversation’s newsletter[17].]
References
- ^ new analysis (doi.org)
- ^ companies that seek to buy renewable electricity (rebuyers.org)
- ^ a powerful new ally (www.ceres.org)
- ^ pressure from environmental groups (www.greenpeace.org)
- ^ the increasingly competitive prices of wind and solar (www.lazard.com)
- ^ pledged (www.there100.org)
- ^ the legal and technical complexity of U.S. electricity markets (s3.us-east-1.amazonaws.com)
- ^ mandates (www.ceres.org)
- ^ incentives (www.ceres.org)
- ^ regulations (scc.virginia.gov)
- ^ have long steered U.S. policy toward carbon-intensive energy and economy (global.oup.com)
- ^ Increased business lobbying for clean energy policies (www.ceres.org)
- ^ Paris Agreement (theconversation.com)
- ^ massive political influence (therising.co)
- ^ in time to avert the worst effects of climate change (e360.yale.edu)
- ^ little evidence of a slowdown in lobbying by fossil fuel interests (www.opensecrets.org)
- ^ Sign up for The Conversation’s newsletter (theconversation.com)
Authors: Zdravka Tzankova, Associate Professor of Sociology, Vanderbilt University