Roughly one-third of U.S. greenhouse gas emissions come from burning fossil fuels to create electricity, according to Climate Collaborative. Using non-renewable gas, oil and coal adds to a rapidly growing carbon footprint, increases global warming and spells disaster for our fragile planet’s future. Companies and large corporations have the ability to change this, however, by committing to transition to renewable energy in the coming months and years. Not only will this benefit our planet, but it also promises success for companies who choose to commit to it.
Reduce energy costs by producing your own energy
Utility bills are a huge expense for businesses, many of which are at the mercy of utility companies that could raise their rates at any moment. Renewable energy is an attractive alternative to electricity and the bills that come with it. Wind installations are one option, but solar panels are even better as they are more predictable, efficient and affordable.
In fact, the cost of renewable energy is dropping at an incredibly rapid rate. The total cost of developing wind power has dropped 55% in the last five years while solar energy has dropped a shocking 74%. These low prices stem from massive global investment and rapid technological advancement. And major corporations that are already using clean energy are only looking to buy more in the coming months.
Boosting public relations
An increasing number of companies are committing to renewable power to boost public image. Smart businesses know that, in today’s world, renewable power is a source of competitive advantage. Social pressure to reduce emissions continues to rise as consumers look for ways to be involved in saving the planet. This green movement has driven a demand for green products. And companies that can sustainably create these products are winners in the public eye.
Renewable power is also reliable and predictable
Unlike coal or oil, we’ll never run out of wind or sun. This makes the cost and savings of wind and solar power quite stable. Solar panels installed on top of business structures will produce a consistent amount of energy year after year as long as they are properly maintained. This strong reliability makes budgeting easier and ensures a less volatile bottom line.
Reducing carbon emissions
Every one killowatt-hour of energy produced keeps 300 pounds of carbon out of the atmosphere. So, replacing non-renewable energy with renewable resources naturally decreases global warming emissions. And that’s good news for everyone on earth because if we’re left with more carbon than oxygen, it’s going to be a little difficult to breathe.
How Can You Commit to Renewable Power?
The first step in committing to renewable power is shifting your perspective. Take time to personally research these benefits of renewable power. Once you decide sustainable energy is worth implementing, on both an individual and global scale, you can begin to look for ways to create your own strategy.
The best way to brainstorm and execute strategy is to develop a team with specific goals in mind. This team should include members from different departments such as legal, financial, environmental, sustainability and operations. Once there is a team in place, you can begin to integrate energy into the company’s vision and operations.
The team should begin by assessing current energy impacts and how they might change them. Analyzing impact and comparing your own to competitors’ will reveal performance opportunities and gaps. The team can then develop a plan of action. Aggressive targets should reflect the degree and pace of emission reductions necessary to mitigate climate change.
Once goals are outlined, the team must create incentives for employees and consumers alike to make energy an actionable priority. From there, they can measure and manage energy usage as the company transitions from non-renewable to renewable energy sources.