2C Energy is working to change the way businesses think about the low-carbon economy, because we see tremendous opportunities in the move to low-carbon energy.
Energy customers are continuing to demand more low-carbon sources of energy. But beyond the sustainability and social responsibility reasons for purchasing low-carbon energy, why would an energy customer do it? Because the customer knows if its competitors can reduce their energy waste (improving their overall productivity) and access cheaper forms of low-carbon energy, the customer’s business will not be able to compete in the global economy.
And in a world that increasingly requires businesses to internalize the cost of its carbon footprint, the drive to access more sources of low-carbon energy will be intense.
- Electricity generated from solar and wind energy is cost-competitive with fossil-fuel power generation in most areas of the world.
- The cost of battery storage has dropped more than 80% since 2010, making renewables plus storage options increasingly competitive with fossil-fuel generation options.
- A recent report issued by McKinsey & Company projects that in the next 5 years, the cost of new-build solar and wind capacity will be competitive with the fuel cost of existing conventional power plants.
- China is leading the world in the development and deployment of renewable energy technologies and supporting infrastructure.
- The Chinese effort to replace fossil fuels with renewable energy is driven primarily by their short-term need to reduce local air pollution and their long-term goal of securing an economic advantage in the low-carbon economy.
American business must recognize that the move to a low-carbon economy presents some of the greatest opportunities for sustained economic growth since the Industrial Revolution. But competition for these opportunities will be intense, and those businesses that can successfully manage their transition risks and get there first will have an enormous advantage.
– Albert Einstein