Global Corporate Renewable Energy Index (CREX) 2012
Companies are increasingly becoming important drivers of demand for
renewable energy worldwide. In addition to government mandated renewable
energy purchases, which are usually well-tracked for legal compliance
reasons, the voluntary demand for renewable energy results in significant
investments in green energy worldwide.
Now in its third year, the Corporate Renewable Energy Index (CREX) brings
transparency to these voluntary markets.
Global investment in new renewable capacity has continued to rise. In 2011
net investment in renewable power capacity outpaced that of fossil fuel
generation ($237bn for renewables versus $223bn for additional fossil fuel
generation).
For the CREX, Bloomberg New Energy Finance collects information on the
amount and type of renewable energy used by the world’s largest
organisations for their own use, and also includes some innovative smaller
companies. The CREX ranking is based on the amount of renewable energy
procured by the respondents in 2011 (in MWh) as a percentage of their total
electricity procurement in the same period. The 2011 results contain over
300 companies from an initial contact list of nearly 1800. Whereas in
previous years the CREX was heavily weighted towards developed countries
and particularly the US, this year there was a more global distribution of
participants. This global CREX report is being released at the same time as
six regional focus papers on the US, Brazil, India, Australia, the UK and
Germany.
Please download the full report for more detailed analysis.