How Companies are Using Renewable Energy and Clean Technologies to Drive Sustainable Growth
Business is faced with a critical paradox. By 2040, the U.S. Energy Information Association (EIA) projects that global energy consumption will increase by 28%. Continued digitization, rising population, concentrated urbanization, the transition to electric vehicles, and economic development across India, China, and Africa will help to drive this growth. At the same time, the mounting threat of climate change requires that we work as quickly and as urgently as possible to mitigate global warming, and keep overall warming to no more than 2 degrees Celsius over pre-industrial levels. The combustion of fossil fuels for energy production—for electricity, heating, cooling, and transportation–is the primary source of the atmospheric greenhouse gases responsible for global warming. Studies indicate that, to avoid global temperature rise beyond 2 degrees Celsius, it is necessary to keep the majority of remaining fossil fuels in the ground . But how are we to meet global en...