Fossil fuels, including coal, oil, and natural gas, overwhelmingly constitute the primary driver of global climate change, responsible for more than 75% of worldwide greenhouse gas emissions and nearly 90% of all carbon dioxide emissions. In contrast, renewable energy sources, abundantly available from the sun, wind, water, waste, and Earth’s heat, are continuously replenished by natural processes and release minimal to no greenhouse gases or pollutants into the atmosphere.
Here are several compelling reasons why expediting the shift to clean energy produced by renewable energy companies is the route to a sustainable, habitable planet for both the present and future generations.
Why use renewable energy sources from renewable energy companies?
The benefits of using renewable energy sources from renewable energy companies are listed below:
Easily available
In contrast, renewable energy sources are accessible in every country, with their full potential yet to be harnessed. Renewable energy companies present a viable solution to reduce import dependency, allowing countries to diversify their economies and shield themselves from the erratic price fluctuations of fossil fuels. Additionally, the transition to renewables promotes inclusive economic growth, the creation of new jobs, and poverty alleviation.
Relatively cheaper
Renewable energy has become the most cost-effective power option in the majority of regions across the globe today. The prices for renewable energy technologies are experiencing a rapid decline. Specifically, the cost of generating electricity from solar power plummeted 85% between 2010 and 2020, while onshore and offshore wind energy costs were reduced by 56% and 48%, respectively. This significant price drop enhances the attractiveness of renewable energy across the board, including for low- and middle-income countries, which are expected to drive most of the growing demand for new electricity. With the decreasing costs, there exists a substantial opportunity for a significant portion of the upcoming power supply to be sourced from low-carbon options.
More employment
Each dollar invested in renewable energy generates three times as many jobs compared to the fossil fuel industry. The shift toward achieving net-zero emissions is expected to result in a net increase in employment in the energy sector. While millions of jobs in fossil fuel production may be lost by 2030, it is estimated that a million new positions will be established in renewable energy companies, leading to a net gain of almost 10 million jobs. Furthermore, energy-related industries will require additional workers, particularly for new roles related to the manufacturing of electric vehicles, highly efficient appliances, and innovative technologies like hydrogen. This suggests that a total of more than 50 million jobs could be generated in clean energy, efficiency improvements, and low-emission technologies by 2030. It is crucial to ensure a fair transition that prioritizes the needs and rights of individuals in the process of shifting to clean energy to prevent anyone from being left behind.
Better for the economy
In 2022, an estimated trillion dollars was dedicated to subsidizing the fossil fuel industry, encompassing explicit subsidies, tax incentives, and the unaccounted health and environmental expenses not factored into fossil fuel pricing. In contrast, an annual investment of roughly $4 trillion is required until 2030 for renewable energy, which includes technological advancements and infrastructure development. This investment in renewable energy companies is essential to attain a net-zero emissions target by 2050. The initial financial burden may appear challenging for many nations with limited resources, necessitating financial and technical assistance to facilitate the transition. However, investments in renewable energy companies promise substantial returns. Furthermore, efficient and dependable renewable technologies can establish a more resilient and secure energy system, reducing susceptibility to market fluctuations and diversifying power supply options.
Health benefits
As per the World Health Organization (WHO), nearly 99% of the global population is exposed to air quality that surpasses safety thresholds, endangering their well-being. Furthermore, millions of fatalities occur worldwide annually due to preventable environmental factors, including air pollution. The elevated levels of harmful fine particulate matter and nitrogen dioxide primarily result from the combustion of fossil fuels. Transitioning to clean energy sources with the help of renewable energy companies like wind and solar power not only addresses climate change but also mitigates air pollution and its associated health issues.
Final words
Expanding the utilization of renewable energy companies has the potential to reduce the costs and need for natural gas and coal by fostering competition and broadening our energy sources. Moreover, a greater dependence on renewable energy can act as a safeguard for consumers during periods of surging fossil fuel prices. Both homeowners and renters can incorporate clean energy solutions into their residences, whether by purchasing green energy, implementing renewable energy systems for electricity generation, or utilizing renewable resources for heating and cooling. However, prior to installing a renewable energy system, it is vital to curtail energy consumption and enhance the energy efficiency of your home.
Why choose Sunsure for renewable energy sources?
Sunsure is one of the renewable energy companies at the forefront of India’s independent power production sector, with remarkable proficiency in solar and wind technologies. Their extensive knowledge extends to large-scale and decentralized renewable energy initiatives, catering to commercial and industrial (C&I) clients by providing accessible and on-site energy solutions. As a prominent renewable energy company, Sunsure Energy has been playing a pivotal in driving India’s sustainable energy transformation. Their growth is further reinforced by a $400 million investment from Partners Group AG, as well as strategic collaborations aimed at contributing to a more environmentally friendly India.