Efforts toward renewable energy on the rising scale, top firms at the forefront

The awareness regarding environmental concerns such as carbon emissions and climate change has increased and the top companies in the world have taken necessary steps. Companies have taken steps such as investment and joining hands with other players operating in the renewable energy sector to achieve their objectives. They have been strategizing to achieve carbon neutrality to contribute toward green future and save the planet from upcoming disasters that may occur due to climate change and others. Various steps have been taken such as partnerships and investments by giant companies to contribute toward renewable energy.

Market players have been opting for strategies to achieve carbon neutrality and contribute toward the efforts of reducing the emissions worldwide. One of the leading firms aims to achieve this by opting for renewable electricity supply to the sites. GE Renewable Energy highlighted its plans to make all of its operation carbon neutral by 2020. The company plans to achieve carbon neutrality through reduction of emissions with renewable electricity supply to its sites. The electricity will be supplied for its operations including energy storage, wind, hydropower, and grid businesses. Moreover, it plans to balance the remaining emissions by purchasing carbon offsets for gaining net-zero footprint. Jérôme Pécresse, the CEO of GE Renewable Energy outlined that the combination of waste reduction, energy efficiency, and renewable power sources would reduce the operating costs of the business. The journey toward carbon neutrality will contribute toward sustainability efforts of the renewable energy industry. According to the research report published by Allied Market Research, the renewable energy market is expected to reach $1,512.3 billion by 2025.

The firm will join hands with Natural Capital Partners for gaining strategic advice to achieve carbon neutrality by the end of next year. Natural Capital Partners will offer carbon offsets and energy attribute certificates based on the specific requirements of the firm to meet its carbon-neutral objective. GE will provide reports on the progress on the regular basis, offering its shareholders a roadmap regarding how the company is moving toward its objective.

The tech giant Google is no exception when it comes to taking efforts toward contributing for renewable energy. The tech company will make green electricity purchases that would lead to construction of millions of solar panels along with hundreds of wind turbines. It has made deals for nearly 1,600 megawatts of electricity, which in turn, will boost its solar energy portfolio by 40 percent. Sundar Pichai, the CEO of Google highlighted that once the projects are in active, the carbon-free portfolio would offer more electricity than usage at places such as Washington, DC or countries such as Lithuania or Uruguay each year. He also touted that the new deals and agreements are the biggest corporate purchases in the history of renewable energy. The worldwide portfolio of solar- and wind- generated electricity agreements of Google reach total of 5,500 megawatts. This is equivalent to the capacity of nearly a million solar rooftops. The aim of the tech giant is to make technology benefit everyone including the planet.

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