LG says it will use 100% renewable energy by 2050

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LG has announced that it plans to move to 100% renewable energy by 2050 as part of its sustainability strategy. Its pledge builds on its Zero Carbon 2030 initiative which will see it reduce carbon emissions in the production stage by 50% of 2017 standards by 2030. It will do the transition on a region by region basis, starting in North America.

To meet the target in 2050, LG has outlined several measures. It will install high-efficiency LG solar panels on its buildings, it will use power purchase agreements to buy electricity directly from suppliers, it will use Renewable Energy Credit (REC) certificates, and in Korea, it will be participating in the Green Premium program to buy clean energy from the Korea Electric Power Corporation (KEPCO).

Commenting on the news, Park Pyung-gu, senior vice president at LG Electronics Safety & Environment Division, said:

“Our commitment to creating a better life for all can best be actualized by LG transition to renewable energy and achieving carbon neutrality. In today’s world, innovation doesn’t just happen in the lab, they must also happen in our factories and plants. Today’s manufacturers have a once-in-a-lifetime opportunity to give the next generation a world worth inheriting and at LG, we take this responsibility very seriously.”

LG is just one among many companies to have outlined its plans to tackle climate change. Nokia said earlier this year that it plans to halve its 2019 emissions by 2030. While Google is planning to meet LG’s 2050 goal by 2030. The UN’s COP26 conference will take place this year and it’s important because parties are expected to commit to enhanced ambition since COP21.

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