Lightsource bp Joins Forces with World Economic Forum to Launch Coalition for Responsible Renewable Infrastructure

Lightsource bp Joins Forces with World Economic Forum to Launch Coalition for Responsible Renewable Infrastructure

(IN BRIEF) Lightsource bp has partnered with industry leaders, environmental non-profits, and the World Economic Forum (WEF) to launch the Responsible Renewables Infrastructure Coalition. This global alliance aims to accelerate renewable energy deployment while benefiting local communities and ecosystems, aligning with the goal to triple renewable energy capacity by 2030. The coalition will focus on issues such as ecosystem restoration, job creation, and enhancing outcomes for communities hosting renewable projects. Lightsource bp is dedicated to engaging with local communities and improving biodiversity through its initiatives. The coalition serves as a platform for the industry to maintain best practices during this period of rapid renewable energy deployment. Both Lightsource bp and the WEF emphasize the importance of ensuring that the energy transition is positive for both people and the planet.

(PRESS RELEASE) LONDON, 8-Oct-2024 — /EuropaWire/ — Lightsource bp has teamed up with industry leaders, environmental non-profits, and the World Economic Forum (WEF) to establish the Responsible Renewables Infrastructure Coalition. This global alliance aims to expedite the deployment of renewable energy while ensuring that local communities and ecosystems reap the benefits.

The initiative aligns with global objectives to triple renewable energy capacity by 2030, facilitating the rapid development of solar and wind farms along with the essential grid infrastructure. The coalition will bring together Lightsource bp, other industry players, and non-profit organizations like The Nature Conservancy and Birdlife to outline goals and actions addressing key issues such as ecosystem restoration, job creation, and improved outcomes for local communities hosting renewable projects.

Lightsource bp is committed to engaging with communities near its projects worldwide, actively seeking ways to provide local benefits. The company emphasizes its responsibility as an environmental steward, aiming for net biodiversity enhancement in all its development initiatives.

In this period of accelerated renewable energy deployment, the Responsible Renewables Infrastructure Coalition serves as a vital platform for the industry to uphold and enhance best practices.

Penny Laurenson, Global Head of Sustainability at Lightsource bp, stated, “Since our inception in 2020, we have consistently demonstrated our commitment to developing clean energy projects responsibly. We prioritize the safety and well-being of our employees, engage meaningfully with local communities, and seek opportunities to enhance the natural environment. Our goal is to contribute significantly to the target of tripling renewable capacity by 2030 in a way that benefits both nature and society. The collective strength of the Responsible Renewables Infrastructure Coalition is essential for ensuring a nature-positive energy transition.”

Kristen Panerali, Head of Clean Power, Grids, and Electrification at the World Economic Forum, added, “As the global economy shifts toward renewable energy, it’s crucial that this transition serves both people and the planet. Many stakeholders acknowledge the need for a different approach to deployment. By uniting these stakeholders, the Coalition will foster alignment on actions and policies that yield better outcomes for people and biodiversity, both on land and in the ocean, while accelerating the energy transition.”

Lightsource bp supports the WEF’s efforts towards achieving a nature-positive energy transition. A briefing paper detailing these efforts was released in April 2024, outlining six key enablers to realize this vision.

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SOURCE: Lightsource bp