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Australia commits to meeting Clean Energy Demand Initiative targets with corporate partners


Today in Pittsburgh, the President’s Special Climate Envoy John Kerry joined the Australian Government at the signing of a Letter of Intent between the Australian Government, represented by the Minister for Climate Change and Energy Chris Bowen, and nine companies – Akamai, Amazon, Cisco, Google, Iron Mountain, Lululemon, PepsiCo, Salesforce and Unilever – to support the clean energy transition by working to supply clean energy in Australia and around the world. Together, these companies seek to unlock between $2.2 billion and $2.8 billion in Australia’s clean energy infrastructure from commercial and industrial sector operations, working with the Australian government under the Clean Energy Demand Initiative (CEDI). Many of these companies are already working with their supply chain partners in Australia and confirm their willingness to support their suppliers with clean energy supply as new options become available.

CEDI serves as a platform for stakeholder engagement and country partnerships and creates a venue for companies and countries to flag clean energy investment potential, share experiences and support each other on reforming policies that contribute to affordable and resilient energy systems that drive economic growth. Globally, through CEDI, 75 interested private sector partners, representing a wide range of sectors, including technology, manufacturing, retail and healthcare, have expressed interest in unlocking up to to $100 billion in clean energy infrastructure in 14 countries, complementing broader sectoral initiatives. investment.

The experience and expertise of Australian regulators, utilities and the private sector, as well as the Australian government’s active engagement in regional energy security, will be valuable additions to CEDI’s efforts around the world. Australia’s policy actions – including utility scale credits, power purchase agreements (PPAs) and renewable energy retail contracts – can serve as a model for other countries who strive to expand the supply of renewable energy to businesses. Australia is a committed partner of the United States in efforts to unlock these markets globally, and its participation in the CEDI platform will help institutionalize and amplify its expertise.

Today, Australia and corporate partners have made clear their support for key principles to enable renewable energy supply to businesses, lending considerable weight to ongoing efforts to accelerate the deployment of clean energy and accelerating the energy transition in support of global climate goals.

A CEDI fact sheet is available here.

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