February 24, 2003—As a result of its commitment to a Corporate Social Responsibility agenda, 10 percent of the World Bank Group’s electricity usage in its Washington, DC, offices will now come from renewable energy sources generated by Pepco Energy Services. World Bank is now Pepco’s largest purchaser of green energy. Customers of green power acquire the environmental benefits associated with these alternative energy sources. Those benefits—reductions of sulfur dioxide, nitrogen oxides, and carbon dioxide emissions—are quantified for customers, who take title to those reductions in the form of green certificates or “tags,” which are certified by Green E, an independent institute that monitors electricity generated by renewable energy projects.
Since 1995 the World Bank’s energy efficiency efforts have saved enough energy to power East Timor for almost one year and eliminated the emissions equivalent of 10,000 cars. Recently, the World Bank won the “Energy Star” certification from the US Environmental Protection Agency.
