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Why Invest in Renewable Energy?

Clean energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves and geothermal heat. Green energy comes with many benefits and creates a synergy between generating profit and benefiting the environment.
Why Invest in Renewable Energy

Energy created by burning fossil fuels is a leading cause of climate change and has a severe impact on our overall health.

Our need for energy has reached an unprecedented level. According to BBC more than half of our energy comes from fossil fuels extracted from deep within the earth’s crust. Fossil fuels are considered non-renewable and thus unsustainable.

In order to achieve a sustainable future, we need to find a way to meet our current demands while protecting the environment and our resources for the future.

Clean energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves and geothermal heat.

Green energy comes with many benefits and creates a synergy between generating profit and benefiting the environment.

1. Renewable energy reduces air pollution

According to the WHO, in the year 2016 alone, ambient air pollution was responsible for 4.2 million deaths. Worldwide, ambient air pollution is estimated to cause about 16% of the lung cancer deaths, 25% of chronic obstructive pulmonary disease deaths and about 26% of respiratory infection deaths.

Many people aren’t aware of how severe the consequences of air pollution are on our health and overall well-being since it is something that happens gradually and through everyday exposure.

Because air pollution can be linked to various medical issues such as an inability to breathe correctly, brain damage, heart attacks and cancer serious actions must be taken.

Renewable energy sources help to improve air quality and therefore our health, by supplying electricity or heat without combustion. 

Technologies such as wind power, solar PV power, geothermal energy, heat pumps or solar thermal energy are most effective at cutting air pollutant emission.

2. Renewable energy has become the cheapest source of new power generation

According to a report by the International Renewable Energy Agency (IRENA), unsubsidized renewable energy is now most frequently the cheapest source of energy generation.

The report states that the cost of installation and maintenance of renewables, which was an important stumbling block to mass adoption, continues on a downward trajectory.

The IRENA report concludes that:

-Onshore wind and solar PV power are now, frequently, less expensive than any fossil-fuel option, without financial assistance.

-New solar and wind installations will increasingly undercut even the operating-only costs of existing coal-fired plants.

-Low and falling technology costs make renewables the competitive backbone of energy decarbonization – a crucial climate goal.

Clean energy is the cheapest source of new power generation for more than two thirds of the world and has no fuel costs. It has the ability to reduce the economic burden of energy bills by eliminating expensive fuel charges.

In addition, the instability of fossil fuel prices presents a global opportunity to accelerate the shift to clean energy.

It is essential that countries back renewable energy and other low-carbon technology which not only benefit the environment but also can help reboot economies and create new jobs.

3. Investment in renewable energy and energy efficiency could lead to 63 million new jobs by 2050

According to the International Energy Agency, most energy-efficient jobs directly create local employment opportunities within small- and medium-sized businesses.

Renewable Energy World states that under “IRENA’s Transforming Energy Scenario, the number of renewable energy jobs worldwide could more than triple, reaching 42 million jobs by 2050, while energy-efficiency jobs would grow six-fold, employing more than 21 million more people over the next 30 years”.

The decisions world leaders make now will affect the world long after the coronavirus crisis ends. 

We believe that the road to a sustainable future requires creative solutions to the world’s biggest environmental and social issues, and we aim to make investments that are not only impactful and work towards the United Nations Sustainable Development Goals, but also provide a return on investment.

Together, we can regenerate our planet.

September 2, 2020

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