Energy news

Energy research and development pledges are falling short

A new report finds that a key multilateral initiative to scale up clean energy R&D and demonstration funding, called Mission Innovation (MI), isn't on pace to hit its targets.

Data: Information Technology and Innovation Foundation; Chart: Chris Canipe/Axios

What's happening: The Information Technology & Innovation Foundation takes the pulse of the program launched in late 2015, in which a suite of nations, including the U.S., pledged to double the clean energy R&D over 5 years to jointly reach roughly $30 billion.

Expert Voices

Electricity suppliers bringing more transparency to renewable energy

A truck passes by wind turbines in Texas, set against a blue sky with clouds
Wind turbines in Colorado City, Texas. Photo: Spencer Platt/Getty Images

U.S. businesses have started to accelerate reductions in their carbon footprints — a major change from just a few years ago, when only early adopters had drafted sustainability goals. Today, thousands of companies are seeking carbon-free energy sources, with more than 150 firms pledging to transition to 100% renewable energy.

The big picture: Renewable energy certificates (RECs) — which track renewable energy from the point of generation — have been crucial in driving this shift. Increasingly, electricity suppliers are offering ways for businesses to get their power from specific projects or sources, bringing transparency to renewable energy use.

More stories loading.