RE100 Policy Work
Policy decisions and market design are often cited by our members as reasons why renewables are not as cost effective as conventional fossil fuels in certain countries. Through our policy work, we help our members advocate for change at a local level to influence policies that encourage the removal of barriers and enable corporate buyers to source 100% renewable electricity at a reasonable cost.
Working with governments and local partners across the world, RE100 and our members are engaging with local and national governments to accelerate the adoption of renewable electricity solutions.
We work with corporates and other relevant NGOs to understand the local policy environment.
In 2019, RE100 member demand for renewables represented an estimated $98 billion investment. Providing access to renewables, at prices that reflect global norms, is vital for markets seeking to benefit from the growing corporate investment opportunity.
RE100 members look to policymakers to enact policy measures that support corporate sourcing of renewable electricity and creates a competitive market for businesses to buy renewables.
Our Six Policy Messages
Our six policy messages support corporate sourcing of renewable electricity globally, according to RE100 member companies.
Our Localised Policy Messages for the Korean market. Korean version.
Our Localised Policy Messages for the Indian market. Click here for information on these.
Our recent policy letters
See the recent letters we have shared with policy makers:
- Corporate demand for accelerated renewable energy in G7. Japanese version
- RE100 businesses call for accelerated action on renewable energy in the Republic of Korea
Recent Policy Successes
- A delegation from the Republic of Korea led by Prof Kim Sang-Hyup (Co-Chair of Carbon Neutrality and Green Growth Commission) visited Climate Group's office for a meeting with CEO Helen Clarkson and RE100 representatives.
- On 15th March 2023, RE100, Solutions for Our Climate (기후솔루션) and Korea Sustainability Investing Forum (KoSIF) hosted the launch event for the new RE100 Localised Policy Messages for South Korea. These messages are designed to remove barriers to renewables and to help RE100 members achieve their 100% renewable electricity targets.
- The updated Korean Carbon Neutrality and Green Growth Plan released on 30th March 2023 included language directly replicating that used in the RE100 South Korea Localised Policy messages, demonstrating the impact of these policy messages and some progress on having these messages reflected into Government policy.
- RE100 called for accelerated action in the Republic of Korea in a public letter to President Yoon in November 2022. The Government responded directly to this letter, emphasising the significance of the RE100 voice in South Korea.
- South Korean businesses can now directly buy renewable electricity from providers, without needing to go through the country's utility company (KEPCO). RE100 and its members have championed a direct PPA system in meetings with government representatives.
- A whitepaper developed for South Korean policymakers has sped up electricity reforms in the country including in a major upcoming bill in the South Korean parliament.
- RE100 provided technical criteria for the US State Department’s Clean Energy Demand Initiative that launched at COP26. At the launch event, high-level officials from Indonesia, Nigeria, the Philippines, and Thailand as well as representatives from Amazon, HP, IKEA, and Nike affirmed their support of CEDI.
- RE100 has become a byword for renewable energy in the Asia-Pacific markets, especially South Korea and Japan, where parliamentary records show RE100 mentioned on a more than weekly basis.
- Power consumers in the Indian state of Maharashtra can now opt for 100% renewable electricity on an order issued by the Maharashtra Electricity Regulatory Commission (MERC), following a petition filed by Tata Power, directly acknowledging the role of RE100.
- RE100 mentioned by Japan’s Ministry of Economy, Industry and Trade (METI) in its new measure to subsidise solar PPAs. The Japanese government will cover 50% of the cost of construction for power plants developed for PPAs.
To speak to the team about policy support in your region, get in touch at firstname.lastname@example.org