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Formula E finale sparks business support for green energy

Business leaders threw their support behind renewable power as the final two races of the Formula E season took place in London. Sustainability chiefs from Formula E, IKEA, Marks and Spencer and Infosys – all partners of the Climate Group initiative RE100 – said renewable power was good for business and should be a priority for governments tackling climate change.

Ahead of the last weekend of racing, Formula E chief executive Alejandro Agag said powering the cars cleanly was vitally important to the racing series: “We know that to reach the full potential of electric vehicle benefits we need to use renewable energy.”

Formula E’s electric cars are charged using generators which run on emission-free glycerine, explained Agag. Agag has said Formula E’s innovation can bring low-carbon vehicles into the mainstream.

On the other hand, the Climate Group’s chairman Phil Levermore said a strong agreement was needed in the climate talks in Paris later this year and businesses had the opportunity to show leaderhsip. “With more than half the world’s electricity being used by the industrial and commercial sectors, this is our chance to shift the global energy market in favour of renewable power – helping us to transition to a prosperous, low-carbon future.”

IKEA’s head of UK sustainability Joanna Yarrow added climate change required bold action to find solutions: “That’s why we are going all in to transform our business, to ensure that it is fit for the future and we can have a positive impact”.

Marks and Spencer’s head of global Plan A – the retailer’s sustainability programme – said: “Being part of RE100 gives us an opportunity to share what we have learned and encourage other businesses to switch to renewable energy.”


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