Future energy financing switches to renewables
The IPCC Report was released on 8th October 2018 and gives an insight into what our world would be like if global warming exceeds the new target of 1.5°C above pre-industrialised levels. It came to a rather damning conclusion.
The cost of doing nothing
The report warns that if we continue along our current pathway, global temperatures will increase by 3°C by 2100. Sea levels and temperatures will rise, having devastating effects on small islands and coastal areas, and coral reefs will die as the ocean becomes more acidic.
Extreme weather, such as storms, heatwaves and drought, will become more common and intense. Plus, with current Arctic temperatures already two to three times higher than the global annual average, there will be far less ice and snow to reflect solar radiation, causing temperatures to increase even further.
But the IPCC report suggests that minimising global warming to 1.5°C will lessen the negative impact on biodiversity and ecosystems on both land and sea.
What needs to happen?
To cap global warming to 1.5°c, big changes need to be made by 2030, including cutting emissions by 45% and using renewables to supply at least 70-80% of global electricity demand.
5 things your business can do to cap global warming limits
1. Go electric – Cars, shipping, transport and buildings are all on their way to becoming electrified. Non-renewable electricity sources, such as Coal and Gas, will only make up less than 10% of all global energy generated by 2050, so it’s time to get on board the electric train!
2. Switch to zero carbon, 100% renewable electricity – As the world becomes more electrified, it’s important that your energy comes from a zero carbon, 100% renewable source. Bryt Energy’s portfolio is solely made up of wind, hydro and solar, so you can run your business with peace of mind.
3. Travel smart – Reduce your carbon footprint by taking less business trips and using video conferencing instead. If possible, walk or take public transport to work, or if that’s not an option, see how electric vehicles could work for you.
4. Create a more sustainable office - Offer your staff the chance to recycle, compost their food and use reusable plastics in the office, to reduce your total waste and carbon footprint.
5. Get your supply chain involved - Being part of a supply chain commitment makes your business more desirable to work with! Encourage your suppliers to follow best practice, work more sustainably and lower their carbon emissions.
Together, we can all do our part in capping global warming. You can read the full IPCC report at www.ipcc.ch. To learn more about our zero carbon, 100% renewable electricity, speak to our dedicated team members at firstname.lastname@example.org or on 0121 726 7575.