Business View Magazine | August 2019

13 BUSINESS VIEW MAGAZINE AUGUST 2019 T oyota Motor North America (TMNA) is committing to aggressively reduce its carbon output in the United States by entering into Virtual Power Purchase Agreements (VPPAs). It will use them to reduce emissions from its North American operations by up to forty percent over the next 3 years. The move represents another major step towards Toyota’s Environmental Challenge 2050 goal of cutting global emissions from plant operations to zero by the year 2050. Under the VPPAs, which the company expects to commence later this year, TMNA will contract with renewable energy providers to generate wind and solar power that will be provided directly to regional electric grids. The supply of renewable power is expected to reduce use of fossil fuels while improving the sustainability of the electric grid in the area. By powering its operations from the enhanced grid and applying Renewable Energy Credits earned by TOYOTA TO REDUCE EMISSIONS FROM NORTH AMERICAN OPERATIONS BY UP TO FORTY PERCENT OPENING L INES