Post by account_disabled on Mar 5, 2024 3:19:19 GMT
The three new projects will be built in Illinois, Oklahoma, North Carolina and Ohio, after developers secure support from McDonald's and other businesses.
McDonald's participation in the projects will reduce the business' annual Scope 2 (energy-related) emissions by more than 2.5 million metric tons.
The signing of two agreements
McDonald's USA had already signed two Chile Mobile Number List public-private partnership agreements in 2019, one for a wind farm and another for a solar farm, both in Texas. If the generation capacity portion of these two projects is added to the generation capacity portion of the three new sets, the total is 1,130MW – enough to power 8,000 restaurants.
Once all five projects come online over the next three years, McDonald's USA estimates the resulting emissions reductions will bring it halfway to its climate action goal for restaurants and offices. It strives to reduce absolute emissions from this part of the business by 36% by 2030, relative to the 2015 baseline.
Beyond the climate benefit of the new VPPAs, the company says the three new projects will collectively create 3,400 jobs in the short term and 135 jobs in the long term.
The COVID-19 pandemic has intensified our focus on strengthening the resilience of our communities and the planet.
As one of the largest restaurant companies in the world, we have a unique opportunity to strengthen climate resilience with our network of franchises and supplier partners.
Jenny McCulloch, vice president of sustainability at McDonald's USA.
United States of America
Even though the Trump administration withdrew from the Paris Agreement and continued to focus on fossil fuels over renewable energy, US-based companies are global leaders when it comes to clean energy procurement.
Renewable PPAs made in the US last year totaled 16GW, up from 10GW in 2018, according to the RE-Source Platform. A similar analysis by Bloomberg NEF found that a 40% global annual increase in corporate clean energy procurement was led by action in the United States.
McDonald's USA has been one of the country's largest buyers of renewable energy since 2008. Other major players include Facebook, Google, Microsoft, Target and PepsiCo. Many of these companies are members of “We Are Still In,” a campaign that unifies businesses, states and cities in a continued commitment to the Paris Agreement, regardless of the federal approach.
The corporate PPA market in Europe is notably less mature than in the United States. That's why a coalition of more than 50 large companies is calling on EU leaders to incorporate corporate sourcing of renewable energy into the bloc's COVID-19 stimulus package, hailed globally as "green." Sponsors include Mars, Nestlé, H&M GGroup and IKEA owner Ingka Group.
McDonald's participation in the projects will reduce the business' annual Scope 2 (energy-related) emissions by more than 2.5 million metric tons.
The signing of two agreements
McDonald's USA had already signed two Chile Mobile Number List public-private partnership agreements in 2019, one for a wind farm and another for a solar farm, both in Texas. If the generation capacity portion of these two projects is added to the generation capacity portion of the three new sets, the total is 1,130MW – enough to power 8,000 restaurants.
Once all five projects come online over the next three years, McDonald's USA estimates the resulting emissions reductions will bring it halfway to its climate action goal for restaurants and offices. It strives to reduce absolute emissions from this part of the business by 36% by 2030, relative to the 2015 baseline.
Beyond the climate benefit of the new VPPAs, the company says the three new projects will collectively create 3,400 jobs in the short term and 135 jobs in the long term.
The COVID-19 pandemic has intensified our focus on strengthening the resilience of our communities and the planet.
As one of the largest restaurant companies in the world, we have a unique opportunity to strengthen climate resilience with our network of franchises and supplier partners.
Jenny McCulloch, vice president of sustainability at McDonald's USA.
United States of America
Even though the Trump administration withdrew from the Paris Agreement and continued to focus on fossil fuels over renewable energy, US-based companies are global leaders when it comes to clean energy procurement.
Renewable PPAs made in the US last year totaled 16GW, up from 10GW in 2018, according to the RE-Source Platform. A similar analysis by Bloomberg NEF found that a 40% global annual increase in corporate clean energy procurement was led by action in the United States.
McDonald's USA has been one of the country's largest buyers of renewable energy since 2008. Other major players include Facebook, Google, Microsoft, Target and PepsiCo. Many of these companies are members of “We Are Still In,” a campaign that unifies businesses, states and cities in a continued commitment to the Paris Agreement, regardless of the federal approach.
The corporate PPA market in Europe is notably less mature than in the United States. That's why a coalition of more than 50 large companies is calling on EU leaders to incorporate corporate sourcing of renewable energy into the bloc's COVID-19 stimulus package, hailed globally as "green." Sponsors include Mars, Nestlé, H&M GGroup and IKEA owner Ingka Group.