More and more countries on the international scene are undertaking the project of transitioning their industrial models. One such example is China, the world’s top energy consumer and biggest polluter, which is now adopting an energy strategy more geared toward renewables. The massive State Grid Corporation of China has recently signed a deal with the Polytechnic University of Turin for the creation of a joint project called Global Energy Interconnection. The plan entails the development of a 100% green energy production model for global distribution using extremely high capacity power lines.
The visionary project contemplates the possibility of generating power from wind turbines at the North Pole and solar installations in deserts, to be distributed globally by a single grid of ultra-high capacity pylons. Pakistan is also pursuing a path to a more sustainable economy with the support of France and the European Union. The French Development Agency (AFD) has provided Pakistan with €4 million in funding, €2.5 million of which has been allocated by the EU as part of its investment plan for Asia. In addition to the EU funds, the French agency supplied an additional €1.5 million to encourage the project’s “successful and timely completion."
It’s not just governments pursuing the 100% green dream. A group of 94 large multinationals are setting a good example (and yielding returns in optics and cost-saving in the process) by joining the RE100 initiative. Companies like Apple, Coca-Cola, Ikea and BMW have signed on to commit to ensuring that 100% of their energy consumption is from renewable sources. Over a dozen will either reach that benchmark by the end of this year or have already done so. The latest to reach the finish line is Lego, achieving its target three years ahead of schedule. The titan of children’s toys has invested €800 million in offshore wind farms and now generates more electricity than that consumed by all its factories, stores and offices combined.