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Master of Environmental Science and Management: Master's Group Project
(2023)

The Role of PPAs and VPPAs in Paramount Global's Emissions Reduction Strategy

a row of solar panels on a green grass field, with light blue sky

Group Members: Ridhima Chaudhuri, Russell Fager, Allison Gracer, Benjamin (Ben) Moscona, Julia Wilson, Anna Zauner

Faculty Advisors: Matthew Potoski

Client: Paramount Global

Deliverables:

Proposal

Description

Companies are increasingly transitioning to renewable energy to align with the Paris Agreement’s goal of limiting global warming well below 1.5°C. Many companies are now investing in power purchase agreements (PPAs) and virtual power purchase agreements (VPPAs) since the on-site generation of renewable energy is not always feasible. However, procurement of renewable energy can be a complex process. Paramount Global has tasked the Bren School with characterizing and assessing its scope 2 emissions to identify the best renewable energy procurement options for its facilities. This project will model scope 2 emissions reduction using on-site, PPA, and VPPA renewable energy data. Shifting power generation to renewable sources is a key pillar of global efforts to reach carbon neutrality. The project will further evaluate the potential monetary costs, benefits and risks associated with renewable energy procurement. The project’s final report will provide a recommendation for procuring renewable energy most cost-effectively using financing structures that account for modelled predictions of the future of renewable energy markets.

Client Contacts:  Emma Friedl and Sarah Volkman

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