The Australian Government, represented by Minister for Climate Change and Energy Chris Bowen, has signed a Letter of Intent with nine companies to contribute to the clean energy transition by sourcing clean energy in Australia and worldwide.
Collaborating with the Australian Government as part of the Clean Energy Demand Initiative (CEDI), Akamai, Amazon, Cisco, Google, Iron Mountain, Lululemon, PepsiCo, Salesforce, and Unilever aim to unleash between $2.2 and $2.8 billion in Australia’s clean energy infrastructure from business and industrial sector operations.
In a statement, the U.S Department of State said many of these companies are already cooperating with their Australian supply chain partners. They affirm their commitment to assist their suppliers in procuring renewable energy as more possibilities become available.
Using CEDI as a platform for stakeholder engagement and country partnerships, companies and nations can signal their interest in investing in clean energy, exchange ideas, and work together to reform policies that will lead to more accessible and reliable energy systems that will support economic growth. Through CEDI, 75 interested private sector partners worldwide have expressed interest in unveiling up to $100 billion in clean energy infrastructure throughout 14 countries to complement more general sectoral investment. These partners represent a wide range of industries, including technology, manufacturing, retail, and health.
The U.S Department of State said the regulators, utilities, and private sector of Australia and the Australian Government’s robust involvement in regional energy security, will be valuable additions to CEDI’s global efforts. Australia’s legislative initiatives, such as its corporate power purchase agreements (PPAs), large-scale generation credits, and renewable retail contracts, may serve as a template for other nations attempting to increase corporate acquisition of renewable energy.
The U.S Department of State stated Australia’s engagement in the CEDI platform would assist in institutionalising and amplifying its expertise. Australia is a committed partner of the United States in efforts to open up these markets globally, the U.S Department of State added.
The U.S Department of State said Australia and its corporate partners have made it clear that they support vital ideas that will make it possible for businesses to purchase renewable energy, which gives the ongoing campaign to increase the use of clean energy and hasten the energy transition in support of global climate goals significant weight.
