Posted on: 11/03/2016
Mike Shirley explains the thinking behind our Business and the Renewables Revolution report. He explains why it’s so important for businesses to understand the vital role they can play in reducing carbon emissions whilst receiving many commercial benefits.
Since COP21, we’ve seen the consensus continue to build on the need to reduce carbon emissions and achieve the climate change targets agreed by 195 countries. Corporations from all over the world have responded by switching to renewable energy to reduce GHG emissions.
As a supplier, we’ve responded to these global trends by developing a product that brings transparency and clarity to the market and we’re trying to fuel the debate with our latest report, Business and the Renewable Revolutions.
Throughout the development of our renewable products, we learnt that businesses found the concept of switching bewildering. Richard Tarboton, the author of the foreword to the report said, “Companies want to do the right thing but need clear solutions. Energy labelling, coupled with a greater awareness of the low cost and business benefits of renewable power, are set to take it mainstream”.
Once businesses understand that there’s a very small price increment for using renewable energy sources and the commercial value in doing so, we hope more will make the switch. This became the rationale behind the Business and the Renewables Revolution report. We wanted to provide businesses with all the information to give them the confidence to push the business case for renewables.
With the support of the Carbon Trust, RE100, and the Aldersgate Group, who all made a valuable contribution to the report, we’ve identified how businesses can make a huge difference in the transition to a low-carbon energy market. Case studies from, Arcadia, Land Securities, Saint Gobain and the University of London demonstrates how some of the UK’s renewable pioneers have recognised the commercial benefits of using renewable electricity to power their operations and have an interesting story to tell.
We hope that by sharing these stories, the report provides ideas for others to embrace and follow and we urge businesses to:
- Compare the cost of your current electricity contract with renewable power
- Review your energy needs and the potential for savings
- Assess the full range of business benefits from going renewable
- Plan your switch to renewable power to deliver maximum value
We all have a role to play in the drive for a low-carbon economy and collectively we can make a huge impact to the UK’s climate change commitments.