Why Renewable Energy is Important
Renewable energy is derived from naturally replenished resources such as wind, solar, and geothermal energy. Harnessing these sustainable power sources is crucial, as they produce no harmful greenhouse gas (GHG) emissions, minimise pollution, and significantly reduce carbon footprint.
Running a business powered entirely by renewable energy offers numerous benefits. Not only does it have a positive impact on climate change and the environment, but it also enhances brand reputation, attracts eco-conscious customers and investors, and often results in long-term cost savings. In addition, operating as a 100% renewable business will promote an environmentally aware workplace culture, inspiring and encouraging employees to embrace sustainability and become more ecologically responsible, resulting in an overall positive impact on communities and ecosystems.
The Paris Agreement and Renewable Energy Commitments
The Paris Agreement is a legally binding international treaty on climate change and its primary aim is to limit global warming. At COP28 (Conference of the Parties), a decision was made to accelerate action across all areas by 2030. Governments were urged to prioritise the shift from fossil fuels to renewable energy sources, such as wind and solar power, as part of their upcoming climate commitments. This highlights the importance of businesses taking proactive steps to transition to 100% renewable energy and align with global sustainability goals.
What Your Business Can Do to Become More Renewable
There are many steps your business can take to become more renewable. Below are some examples of effective ways your business can do this:
- Implement renewable technologies, such as solar panels, as this is a great way to utilise clean energy to generate energy onsite and reduce reliance on non-renewable sources.
- Encourage employees to cut energy consumption by promoting awareness and providing information on energy-saving practices.
- Consider entering into Power Purchase Agreements (PPAs), which are long-term contracts with renewable energy projects like solar and wind farms, to secure a steady supply of clean energy.
- Invest in green power and renewable energy certificates to further support sustainability efforts and demonstrate your commitment to reducing your environmental impact.
- Switch your energy supplier and transition your corporate electricity supply to 100% renewable energy, to rapidly reduce Scope 2 emissions to zero.
How to Select the Right Energy Sources
Choosing the right energy sources for your business is also an important decision to make. Consider your business’ energy needs, costs, and other relevant factors, such as:
Energy Needs: Review past energy bills, consumption patterns, and predictions for future energy usage.
Technology Fit: Different technologies will suit different businesses – select the best technology to meet your unique needs, considering property size and layout.
Location Suitability: Certain technologies work better in specific locations, so evaluate what’s best for your region.
Types of Renewable Energy: Solar panels are a useful and common choice, but other options like wind or geothermal may also be viable.
Energy Storage: Consider systems for storing energy to ensure reliability and flexibility.
Planning Permissions: Check whether your project requires permits or approvals.
System Longevity: Assess the lifespan and maintenance requirements of different systems.
Expert Guidance: Seek professional advice and support – at EES Group, we offer tailored solutions to assist your transition.
Managing costs
While the transformation into a fully renewable operated business may have some high costs associated with the implementation of renewable technologies, there are ways for your business to effectively manage your costs:
Green Tariffs: Energy contracts that source electricity from renewable energy sources, reducing carbon emissions and helping businesses save money.
Power Purchase Agreements (PPAs): Have set rates for energy, providing cost stability and savings over time.
Salix Finance: A government incentive providing funding to public sector bodies for improving energy efficiency.
Leveraging Incentives
Take advantage of financial programmes and incentives to help your business transition to renewable energy in a cost-effective way:
Grants: Access funding opportunities for renewable energy projects.
Government Schemes: Explore local and national programs designed to support businesses in adopting clean energy technologies.
Moving Forward with Renewable Energy
Overall, the key benefits of your business transitioning to 100% renewable energy are that you will substantially reduce emissions, improve your business reputation, and become more sustainable, by reducing reliance on finite sources. With a combination of careful planning, selecting the best-fit technologies, and leveraging available incentives and financial support, your business can successfully transition to 100% renewable operations.