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power purchase agreements

Green transit in London

August 7, 2025 By EarthWise Leave a Comment

A big push for green transit in London

TfL – Transport for London – the operator of the transportation system in Britain’s capital city, has signed a deal with EDF Renewables to purchase electricity from a huge solar array to be erected next year in Essex.  TfL has the goal of powering 100% of its entire transit system – including its sprawling underground railway network – with renewable electricity by 2030.

The forthcoming 1,000-acre solar facility will also transform low-quality farmland by incorporating the planting of trees and hedgerows as well as setting aside some areas for natural regeneration, attracting a greater number of species of plants and animals, expanding biodiversity in the area.  Looking after nature and protecting the environment are key elements in TfL’s contracts, in keeping with its wider goals to be greener, more sustainable, and well-adapted to climate change. 

The solar facility will generate 80 gigawatt-hours annually for the transit authority, roughly enough electricity to power 29,000 homes, comprising about 20% of its total output.  Powering the entire sprawling London underground railroad network is equivalent to powering 420,000 homes.  Over the course of the 15-year contract with EDF, TfL expects to save over 30,000 tons of carbon from its operations.

TfL plans to secure 70% of its electricity use from power purchase agreements for renewable electricity from various sources with the remainder from green tariffs.  The Mayor of London has set the goal for London to be a net zero carbon city by 2030.

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London Inches Closer to Running Transit System Entirely on Renewable Power

Photo, posted March 5, 2017, courtesy of Albert Koch via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Are Companies Really Reducing Emissions? | Earth Wise

December 21, 2022 By EarthWise Leave a Comment

Many companies around the world are declaring tremendous progress in reducing their greenhouse gas emissions.  Sometimes these claims are the result of actions that really do  reduce emissions but other times they are the result of something called “market-based accounting”. Businesses buy credits from clean energy providers that allows them to say they are running on green power when they actually are not.

The market analysis firm Bloomberg Green analyzed almost 6,000 climate reports filed by corporations last year and found that over 1,300 of them employed market-based accounting to erase over 120 million tons of emissions from their records.

Some clean energy contracts do have major climate benefits.  For example, companies like Amazon, Nestle, and Target have signed long-term power purchase agreements that ultimately help renewable developers finance new energy projects.

On the other hand, renewable energy credits are often short-term transactions with existing facilities and do little to stimulate investment or otherwise lead to greater use of green power.  They simply shift around ownership of existing renewable energy without doing anything new for the climate.

Some companies have made meaningful cuts to their pollution by putting solar panels on their roofs, upgrading their lighting and air conditioning equipment, and so on.  But many are reluctant to spend their capital in this way, even if it eventually saves money through lower electric bills.

Customers and shareholders want to see corporations do their part in reducing emissions.  But too many are making grandiose claims enabled by market-based accounting while doing far too little to help the environment.  Dubious claims of climate progress are not harmless; it is essential for the world’s companies to really do their share.

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What Really Happens When Emissions Vanish

Photo, posted July 16, 2014, courtesy of Mike Mozart via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

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