LG Electronics will switch to 100% renewable by 2050
LG Electronics‘ rooftop solar farm is on display at the company’s North American headquarters in Englewood, New Jersey. (LG Electronics)
LG Electronics announced on Sunday that it will switch to renewable energy for 100% of its needs by 2050, doubling its previous commitment to become carbon neutral by 2030.
According to the South Korean tech giant, the transition will begin at its North American headquarters in Englewood, New Jersey, which will switch entirely to electricity produced by renewables by the end of this year. All of its production bases abroad will follow by 2025.
This will allow LG Electronics to source 50% of its electricity from renewable energies at home and abroad.
LG Electronics will increase this figure to 60% by 2030 and 90% by 2040 using clean electricity at its national business sites.
“To move 100% to renewable energy, LG Electronics will generate and use electricity using highly efficient solar panels, purchase renewable energy certificates and purchase electricity directly from power generators.” , said a company official. The company will also consider paying extra for clean electricity from Korea Electricity Power Corp.
LG Electronics’ production base in Noida, India is equipped with a 3.2 megawatt solar power generation facility that generates all of its electricity. The company is in the process of registering the facility as a United Nations Clean Development Mechanism project. Once listed, the facility would receive carbon emission rights in exchange for a reduction in consumption equivalent to 1 kilowatt hour of electricity.
By Kim Byung-wook ([email protected])