Renewables Conundrums – Unlocking Net Zero: Why Renewables Conundrums are Key to Corporate Climate Action

central to the success of renewables growth and corporate change intensify and the costs In October 2023, 985 of the world’s largest 2,000 publicly climate action where ERM’s experience and expertise of renewable energy platforms traded companies had net zero goals. [...] Renewables Conundrums Unlocking Net Zero: Why Renewables Conundrums are Key to Corporate Climate Action where beneFits and challenges intersect, renewables conundrums emerge 9 Renewable energy benefits A world of possibilities: Selected renewable energy benefits The benefits of renewable energy are clear: they Table 1: Environmental benefits generate energy with a significantly lower carbon intens. [...] Capitalizing on Short-term profit pressures complicate companies’ ability to commit to long-term renewable energy generation and sourcing of renewable energy given start-up and planning costs and the low-cost operations of existing fossil fuel energy sources. [...] should prioritize developing alternative energy sources.32 Such local opposition, also known as the Not in The transition to renewable energy will benefit the Compared to most traditional fossil fuel-powered energy My Backyard effect (NIMBYism), can impede the siting Earth’s environment, but the journey will include developments, renewable energy projects can have a and build out of renewables by. [...] within one mile of a solar or wind project, respectively.31 Renewables Conundrums Unlocking Net Zero: Why Renewables Conundrums are Key to Corporate Climate Action renewables conundrums: understanding the beneFits and challenges 17 What’s next for renewables conundrums? From record investment to growing governmental support, renewable energy is at the center of the global energy transition.