Businesses all over the world, especially here in the UK as we look to rebuild the economy, will be able to take advantage of renewable energy sources through a number of ways. This technology is set to completely change how business electricity is used by firms over the coming decades. For example: reduced carbon emissions, lower energy costs and new marketing opportunities will all arise from these developments.
Company owners and managers should not overlook the impact these clean energy sources will have on the environment. However, it is worth noting that not all renewable sources are feasibly economical in the current climate. For this reason, continued innovation will be a necessity for widespread adoption by companies around the globe. Fortunately, some renewable sources have shown great progress, particularly in wind and solar. Further progress will be needed to reach the level of energy production that is required.
From an environmental standpoint, fossil fuel usage is slowly decreasing, perhaps not at the rate many climate change activists would want, but we are heading in the right direction. To ensure the longevity of a mixed ecosystem and a clean atmosphere for generations to come, additional steps must be taken to find efficient and effective solutions. Research and development in new technology should be accelerated by ‘green lighting’ more renewable projects around the world. This will mean that larger sums of money will be invested into the field, which will inevitably speed up progression within the sector, along with the added employment opportunities.
Businesses have the opportunity to take the mantle by becoming more sustainable, this can be through reducing their carbon footprint and switching to green business electricity tariffs. Larger companies, especially the tech giants, have already made pledges to become carbon neutral by a specific date. This will be especially helpful as they use considerably more electricity than smaller companies and individual users. According to the U.S. Energy Information Administration (EIA), industry electric power accounts for around 61% of total energy used in the United States, whereas personal use only utilises 12%.
As corporations move forward with their carbon cutting initiatives, the industry as a whole will have no choice but to decrease its reliance on traditional fossil fuels such as coal and oil. As time passes by, fossil fuels are having an enormously worse impact on the environment as a whole. As businesses make the transition, this will have a dramatic effect on the population at large. The economic equation which covers the initial cost and maintenance is outweighed by the number of long-term possibilities for businesses. The environmental benefits from making use of clean energy sources instead of traditional fossil fuels are endless, and the importance of this subject must not be overlooked.
There are large amounts of renewable sources that can be taken advantage of. Sunlight, wind, and hydrological power are available in almost all parts of the world. The possibilities of renewable energy are truly endless, and the source can be replenished constantly, unlike fossil fuels. The world’s current population of over seven and a half billion will use large quantities of energy each year. However, where this gas and electricity is sourced from will have a great influence on future generations to come.
Major progress has been made in the use of renewable energy, with solar, hydroelectric and wind as the leading renewable sources. Fossil fuel consumption isn’t continuing because there are not suitable alternative options, but rather its ubiquitous nature. At present, it is relatively cheap and in abundance. Renewable energy does have some of its own drawbacks though. The initial cost, lack of skills and technology and vastly reduced market acceptance are the most common examples. However, this clean energy source can benefit business electricity usage. Not all forms of renewable energy generation are at the same stage in their development. Wind, however, is almost competitive in a number of mass markets, whereas other sources still require further research and development.
Moving forwards, a sustainable strategy is in all likelihood a smart business strategy. Companies can benefit by addressing both environmental and sustainability challenges that we face today, giving them a competitive upper hand in whichever sector they operate in. These benefits are also quantifiable, making it easier for decision makers to see the overall picture.
So how can your company get involved? This is a great question, fortunately, you don’t have to have a company employing hundreds and thousands of people to make a noticeable impact. Even small businesses can do their part. One of the easiest ways is to switch over to a business electricity tariff that uses 100% renewable energy sources. Another way is to consider installing solar panels on your premises. The initial cost may be high for some, but those that can afford it should definitely undergo an audit to further explore this option.
Lastly, another great way is to reduce your company’s carbon emissions. There are a number of useful guides available online that can help you achieve this. Ideas include using LED bulbs, reducing the office temperature, cutting down on paper waste and recycling.