Why is important for business to use renewable energy?
Why is important for ‘business’ to use renewable energy? What are the advantages and disadvantages? Do you know a company that uses renewable energy and has reduced its carbon footprint? And one that doesn’t and is considerably contributing to global warming etc
It’s important because fossil fuels are a finite resource. Global oil production is beginning to decline as old oil fields reach their peak, (the Gwhar and Cantrell giant oil fields for example,) and their production curves begin the inevitable slide downwards. Although new oil fields are being discovered, they are not very large, and for every new barrel of oil found, eight are being used at the same time.
A report from the UK Energy Research Centre published in August said that there was a ’significant risk’ that the peak of conventional oil production would happen before 2020, and that means we will soon be staring down the barrel of the ultimate oil crisis.
Some governments and corporations are waking up to this and beginning to develop alternatives to keep the worlds transport systems moving when cheap oil runs out, such as more energy efficient – or electric cars, bio fuels (which put the world’s food supply under pressure,) and hydrogen (which is too dangerous for public use at present,) but none of these is likely to make up the shortfall in time.
