Renewable energy. Climate change. The energy transition.
From the Paris Agreement to COP26, these terms are everywhere, but what do they mean for your business?
Renewable energy is on the rise
Renewable energy is power collected from sources that replenish themselves in a short period of time. This includes solar power, biofuels, wind and wave energy, and geothermal heat.
According to eurostat, 37% of electricity that was consumed in the EU in 2020 came from renewable sources, up from 34% the year before. More of the UK’s energy consumption than ever before came from renewable sources, too.
More than two thirds of the EU’s renewable energy came from wind and hydro, but solar is the fastest growing source of renewable energy.
Some countries, like Norway, actually produce more renewable energy every year than they consume.
Since the Paris Agreement, when 196 countries agreed to cut carbon emissions in half by 2030, there has been even more of a focus on renewable energy.
Renewable energy, as well as the opportunities that come with it, seems to be growing and endless.
Why is renewable energy important?
The simplest, most obvious reason that renewable energy is important is perhaps the most vital: it will never run out.
Fossil fuels are a finite resource and relying upon them at the current rate is therefore unsustainable. As well as being limited in this way, fossil fuels also release carbon dioxide, a major greenhouse gas that contributes heavily to climate change.
Renewable energy is easily replenished and has a far less negative impact on the earth than fossil fuels as it does not release greenhouse gases.
As well as working towards the Paris Agreement, renewable energy will help meet the Sustainable Development Goals (SDG) created by the United Nations General Assembly. This particularly applies to SDG7, which calls for clean, affordable energy for all, and SDG13, which demands climate action.
According to the International Renewable Energy Agency, investors from governments as well as private companies are increasingly interested in putting money towards sustainable assets such as renewable energy.
Receiving investments, helping the environment and creating a world where clean energy can be used for the foreseeable future, seem to us like excellent reasons to transition to renewable energy today.
Accelerate the energy transition
The world is moving towards renewable energy. How can you stay on top of the curve?
By increasing the efficiency of the energy you provide, while integrating renewable energy, you can decrease your carbon footprint and move towards sustainable energy creation and consumption.
Another tool in the fight towards Net Zero is carbon offsetting, where companies balance out their emissions from one area by reducing their emissions from other sources.
As you transition to more efficient energy sources, it is essential to ensure that systems and equipment are reliable and can deal with challenging environments.
At AGMA, our specialised solutions are formulated to help you achieve the best possible results when engineering and manufacturing within renewable industries, to help your industry meet regulations, and to accelerate the transition into more sustainable energy sources.