As global carbon emissions hit 36.8 billion metric tons in 2023, low-carbon power purchase agreements (PPAs) have emerged as corporate America's favorite climate tool. But how many executives truly understand whether their renewable energy contracts actually displace fossil fuels? A recent BloombergNEF study reveals 42% of corporate PPAs merely add clean energy to grids rather than replacing coal plants.
What does it take to secure sustainable energy procurement across 48 distinct economies with varying regulatory frameworks? The Asia-Pacific region, accounting for 60% of global energy consumption growth through 2040 (IEA 2023), faces unprecedented challenges in balancing economic expansion with decarbonization mandates.
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