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Amazon reaches 100% renewable energy goal seven years early

(RTTNews) – Amazon (AMZN) has achieved its 100 percent renewable energy goal in 2023, according to the company’s 2023 Sustainability Report, despite originally planning to achieve it in 2030.

“By achieving its 100 percent renewable energy goal, Amazon has enabled hundreds of new solar and wind projects, bringing new sources of clean energy to grids and communities around the world,” said Kyle Harrison, head of sustainability research at BloombergNEF, who said the e-commerce giant has invested billions of dollars in more than 500 solar and wind projects around the world.

“Addressing climate change while balancing society’s rapidly growing energy needs is a monumental challenge, and Amazon’s commitment to clean energy demonstrates how a single company can help accelerate the transition to a low-carbon economy on a global scale.”

The report found that Amazon reduced its carbon footprint by 3 percent and its carbon intensity by 13 percent by 2023. The company also launched the Amazon Sustainability Exchange to help other companies achieve net zero emissions.

The e-commerce company also said it will put more than 24,000 electric vehicles on roads around the world, allowing for on-time delivery and reducing carbon emissions.

“Hitting our renewable energy goal is an incredible accomplishment, and we’re proud of the work we’ve done to get to this point seven years early. We also know this is just a moment in time, and our work to decarbonize our operations won’t be the same every year — we’ll continue to make progress while constantly evolving on our path to 2040,” said Kara Hurst, Amazon’s chief sustainability officer.

“Our teams will remain ambitious and continue to do what’s right for our business, our customers and the planet. That’s why we will continue to invest in solar and wind projects, while also supporting other forms of carbon-free energy like nuclear, battery storage and new technologies that can help us power our operations for decades to come,” Hurst continued.

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