GM commits to 100% renewable energy by 2050

General Motors plans to generate or source all electrical power for its 350 operations in 59 countries with 100 percent renewable energy, such as wind, sun and landfill gas, by 2050. 
“Establishing a 100 percent renewable energy goal helps us better serve society by reducing environmental impact,” said GM Chairman and CEO Mary Barra. “This pursuit of renewable energy benefits our customers and communities through cleaner air while strengthening our business through lower and more stable energy costs.”
This new renewable energy goal, along with the pursuit of electrified vehicles and efficient manufacturing, is part of the company’s overall approach to strengthening its business, improving communities and addressing climate change. GM is also joining RE100, a global collaborative initiative of businesses committed to 100 percent renewable electricity, working to increase demand for clean power. 
Today, GM saves $5 million annually from using renewable energy, a number it anticipates will increase as more projects come online and the supply of renewable energy increases. In addition, the company anticipates costs to install and produce renewable energy will continue to decrease, resulting in more bottom-line returns. 
The new renewable energy commitment builds on GM’s previous goal to promote the use of 125 megawatts of renewable energy by 2020. 
Amy Davidsen, North America executive director at The Climate Group, said: “GM has already saved millions of dollars by using renewable energy, and like any smart business that recognizes an investment opportunity, they want to seize it fully.”
GM is in the process of adding 30 megawatts of solar arrays at two facilities in China.
GM has pioneered the use of renewable energy for more than 20 years, saving $80 million to date. The company has 22 facilities with solar arrays, three sites using landfill gas and four that will soon benefit from wind.

Source: Arab News