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Renewable energy sources will go a long way towards reducing greenhouse gas emissions, and Walmart wants to use 100% solar, wind and other energy in its own operations, such as stores and warehouses, by 2035.
Much of that will come from renewable energy purchase agreements (PPAs), where the retailer signs long-term agreements to buy green power from suppliers, a practice that helped it contract 1,2 gigawatts of renewable energy between 2018 and 2019, to put that in context, the solar energy industry in the United States installed 3,62 gigawatts of photovoltaic capacity in the first quarter of this year along with Walmart.
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Walmart's Gigaton Project
The Gigaton Project is a Walmart initiative to avoid one billion metric tons (one gigaton) of greenhouse gases from the global value chain by 2030 with the use of solar energy.
Through Project Gigaton, renewable energy providers can take their sustainability efforts to the next level by setting goals and getting credit from Walmart for the progress you make.
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Since the program launched in 2017, hundreds of Walmart's renewable energy suppliers have joined the commitment to reducing carbon emissions.
Walmart criticized the decision of the president of the United States
Walmart publicly stated its disappointment in President Donald Trump's decision to withdraw the United States from the Paris Agreement, and McLaughlin reiterated his position.
“We think the US should stay in the Paris Agreement. And we said that at the time and we still believe that… Climate change is one of the biggest crises we face as a planet… And unfortunately, it requires immediate action from everyone to deal with it. Therefore, we need collective global action on a new renewable energy policy.”
