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Walmart has a grand plan to help suppliers club together to buy green energy

Lucy Handley on CNBC writes that Walmart will power its supply chains with renewable energy.

The C3 Take
  • The retail giant is making good on its recent sustainability goals by having its supply chain be powered primarily by renewable energy.
  • Walmart is driving market demand for clean energy and supply chains.

“Walmart aims to reduce emissions from its supply chain by 1 gigaton by 2030 via its Project Gigaton initiative, and it is now extending its buying power to its suppliers, who will be able to group together to buy renewable energy via its Gigaton PPA Program that launched in September. Smaller companies can be priced out of the market for renewable energy, and there are only around 100 corporates buying renewable energy in this way, according to Walmart’s calculations and data from the Renewable Energy Buyers Alliance.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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