{"id":13501,"date":"2021-05-14T17:25:15","date_gmt":"2021-05-14T14:25:15","guid":{"rendered":"https:\/\/ufuture.com\/?p=13501"},"modified":"2021-05-14T17:29:02","modified_gmt":"2021-05-14T14:29:02","slug":"why-the-world-s-largest-corporations-invest-in-green-energy","status":"publish","type":"post","link":"https:\/\/ufuture.com\/en\/why-the-world-s-largest-corporations-invest-in-green-energy\/","title":{"rendered":"Why the world’s largest corporations invest in green energy"},"content":{"rendered":"

The global consensus on switching to clean energy has established in the world much earlier than expected. Patrick Pouyann\u00e9, CEO of the French multinational integrated oil and gas company Total, told the Financial Times<\/a> that the shift in public sentiment over the past few years is unimaginable.<\/p>\n

Oil and gas companies, suppliers of traditional, \u201cdirty\u201d energy, being under constant public pressure, are today among the biggest investors in renewables: Shell, BP (British Petroleum), Chevron and Total also are among the top investors in renewable energy tech according to CB Insights<\/a>.<\/p>\n

Pressure comes not only from the public but also from business partners. For example, large British investment group Aviva said that it could ditch its stock and bond holdings in 30 oil, gas, mining and other companies it works with if their boards failed to take sufficient action over climate change.<\/p>\n

Reducing harmful emissions and gradually switching to renewables for companies operating in developed countries is becoming an unalterable choice. To save the healthy competition, the European Union, for example, imposes special duties on foreign producers who have less stringent rules on emissions \u2013 i.e. carbon border.<\/p>\n

Polluting companies are announcing billions in decarbonisation programs. Volkswagen for example is building a huge solar power plant in Germany with a capacity of 170 million kW and 420,000 solar modules. The company plans to invest 14 billion euros in decarbonisation in the next five years. Volkswagen also promises to release at least one new electric car model every year. By 2030, 70% of Volkswagen’s sales in Europe should be electric vehicles!<\/p>\n

The world’s largest steel producer ArcelorMittal promises to be completely carbon neutral by 2050, i.e. to achieve zero CO2 emissions. Eni oil and gas company declares the same goal.<\/p>\n

The Paris Agreement is a benchmark for both companies and governments.<\/p>\n

Green bubble?<\/h3>\n

Governments are imposing strict legal frames, public pressure is mounting, market infrastructures are changing rapidly \u2013 if you do not adapt, you may be left out of the game. As a result, companies are investing unprecedentedly huge money in the environment.<\/p>\n","protected":false},"excerpt":{"rendered":"

The global consensus on switching to clean energy has established in the world much earlier than expected. Patrick Pouyann\u00e9, CEO…<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"single-new.php","format":"chat","meta":{"footnotes":""},"categories":[2],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/13501"}],"collection":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/comments?post=13501"}],"version-history":[{"count":2,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/13501\/revisions"}],"predecessor-version":[{"id":13507,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/posts\/13501\/revisions\/13507"}],"wp:attachment":[{"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/media?parent=13501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/categories?post=13501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ufuture.com\/en\/wp-json\/wp\/v2\/tags?post=13501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}