REscale

Renewable energy is increasingly reliable and cost-competitive compared to conventional sources. Through REscale we bring together leading energy and technology companies to accelerate the deployment of renewables and the transition to a low-carbon electricity system. The speed at which the electricity sector can be decarbonized and grow to satisfy increasing demand will critically influence our ability to limit the rise in global temperatures to under 2°C.

The Challenge

While renewable generation accounted for 22.8% of global electricity production in 2015, considerable acceleration is needed to keep the rise in global temperatures under 2°C. The main challenges are accessing new finance instruments, ensuring bankability, and improving the integration of growing levels of renewables into grids and electricity markets.

The Business Case

The costs of renewable technologies are decreasing to competitive levels while new technological and market advances are helping to overcome variable generation patterns. This makes renewables a profitable investment opportunity. As global energy demand grows, building and operating renewable projects is a prosperous and sustainable business model for developers, IPPs and many utilities alike.

The Business Solution

REscale members share the ambition to scale up renewable deployment in line with the International Energy Agency's scenario for a 2°C world: achieving 3.5 terawatts of capacity by 2025. REscale has three action plans:

  1. Corporate Renewable PPAs: Increase understanding and use of Corporate Renewable Power Purchase Agreements
  2. Market structures: Facilitate dialogue between private sector and policymakers to integrate renewables into electricity markets
  3. Low-Carbon Microgrids: Demonstrate technologies and innovative business models

News and Insights

Next Event

Liaison Delegate Meeting 2019

1 - 4 April, 2019,
 Montreux, Switzerland

More Events

World Economic Forum 2019

22 - 25 January, 2019
, Davos-Klosters, Switzerland

WBCSD Annual Member Meeting in North America at GreenBiz

25 - 28 February, 2019
, Phoenix, Arizona

WBCSD Council Meeting 2019

14 - 17 October, 2019
, Lisbon, Portugal
See more

Resources

Contacts

Rasmus Valanko

Director, Climate & Energy

Mariana Heinrich

Manager, Climate & Energy

Lucy Hunt

Associate, Renewable Energy