Highlights Move seen as driving climate investment by $18 billion Companies to boost renewable power by estimated 90 TWh Emissions savings estimated at 265 mil mt CO2e London — A group of 285 companies Wednesday committed to science-based emissions reduction targets, as representatives from almost 200 countries gather in Madrid for the annual United Nations COP25 climate talks. The move will drive an estimated $18 billion in climate change mitigation and 90 TWh of annual renewable electricity generation, according to the group, called the “Science Based Targets Initiative.” “Releasing its first ever progress report, the SBTi quantifies these commitments as saving more than the combined annual emissions of France and Spain, or 68 coal-fired power plants,” the group said in a statement. The commitments by the 285 companies will produce enough additional renewable electricity to power 11 million US households for a year, and reduce emissions by 265 million […]