- 26.5% Coal/Peat
- 23.4% Natural Gas
- 10.7% Biofuel/Waste
- 4.9% Nuclear Energy
- 2.5% Hydropower
- 1.1% Wind Energy
- 0.9% Photovoltaics
Problems associated with the use of fossil fuels include dependence on third countries and high CO2 emissions, which intensify the greenhouse effect and continue to heat up the Earth. Furthermore, these are resources that are not infinitely available. Unlike renewable energy sources.
What is meant by renewable energy?
Renewable energy refers to energy sources that are based on natural processes and can regenerate themselves. They use natural resources such as water, sun, wind, geothermal energy and biomass to generate electrical energy, heat or fuels.
Examples of renewable energy sources: Solar energy – use of sunlight to generate electricity through photovoltaics or solar thermal technology.
Wind energy
Use of the kinetic energy of the wind to generate electricity through wind turbines.
Hydropower
Use of the kinetic energy of flowing or falling water to generate electricity through hydropower plants.
Geothermal energy
Use of thermal energy from the Earth's interior to generate electricity or heat.
Biomass
Use of organic materials such as wood, plant waste or biodegradable waste to generate electricity or heat.
Energy Tomorrow by TPA – The future of energy supply is also the focus of TPA's "Energy Tomorrow" event on June 14.
This year, for the 12th time, TPA is contributing important impulses to the public discussion surrounding the energy transition and its implementation. With "Energy Tomorrow," a platform has been created to provide food for thought and out-of-the-box perspectives on the one hand. On the other hand, the event enables a concrete exchange of experiences across industries.
The agenda for the event includes various lectures on the topic of future-proof energy supply, including "Energy policy framework conditions for climate neutrality and location," "Climate stress for cities" and "The role of the real estate industry in the transport revolution."
Click here for the detailed agenda of the Energy Tomorrow event.
10 benefits of renewable energy for companies
According to Karin Fuhrmann, Partner at TPA Austria, investments in renewable energies make sense not only ecologically but also economically:
"Compared to fossil fuels, renewable energies are often significantly more cost-efficient and more stable in terms of price volatility. In addition, investments in renewable energies promote the growth of the green economy, which is gaining considerable momentum, not least due to EU regulations. In the long term, renewable energies contribute to energy security and the reduction of environmental and climate costs. Investments in renewable energies are a decisive step toward a sustainable world of tomorrow."
This is why companies should rely on green energy:
1. Cost savings
Renewable energies can lead to long-term cost savings, as they often show stable or even decreasing prices compared to fossil energy sources.
2. Tax advantages
In a large number of countries, there are already tax breaks and incentives for companies that use renewable energy to promote the transition to a sustainable energy supply.
3. Image improvement
The use of renewable energies demonstrates an environmentally conscious commitment and can improve a company's image among customers, employees and the public. Generally, the positive reputation of companies with their stakeholders increases when sustainability becomes part of the business strategy.
4. Sustainability
Renewable energies are a long-term, sustainable solution as opposed to limited fossil fuels. By using green electricity, companies can contribute to environmental protection and help reduce greenhouse gas emissions.
5. Energy independence
By using renewable energies, companies can reduce their dependence on volatile energy markets and geopolitical risks.
6. Innovation potential
The development and use of renewable energy technologies requires innovation. Companies that invest in renewable energies can benefit from this innovation potential and increase their competitiveness.
7. Resource conservation
Renewable energies use natural resources such as sun and wind, which are available in abundance. This reduces the consumption of non-renewable resources and minimizes environmental impacts.
8. Risk minimization
Renewable energies are often decentralized and can be distributed across various locations. This reduces the risk of power outages.
9. Promotion of local economies
The use of renewable energies can promote job creation and the development of local supply chains, especially in areas such as the installation and maintenance of renewable energy systems.
10. Regulatory compliance
Many countries have enacted laws and regulations to promote renewable energies. By using green electricity, companies can ensure that they meet regulatory requirements and avoid potential fines and sanctions.
Here you can find more on the topic of ESG regulations.
Would you like to learn more about renewable energies?
Register now for the Energy Tomorrow event and get exciting input on the topic!
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