Key findings:
- The energy crisis of 2022 and policy responses to it demonstrated that renewable energy is needed now more than ever, but governments need to reduce barriers for corporate buyers.
- Asian markets remain the most challenging, but strong corporate engagement means almost two thirds of new RE100 membership comes from within the region.
- The average target year of the RE100 initiative for companies aspiring to 100% renewable energy has been pushed back, during a year marked by a mounting energy crisis and ongoing barriers to renewable energy procurement.
- Despite these challenges, RE100 member companies now report consuming 49% renewable electricity in 2021, up from 45% in 2020, and 41% in 2019.