common problem of the whole world. to the climate crisis counter companies also started to take steps. Firms trying to meet their energy needs from renewable sources may be jeopardizing steps to stop climate change.
Is the transition to renewable energy contributing to the climate crisis?
The new research, published in the journal Nature, pointed out that renewable energy certifications threaten science-based goals. Renewable Energy Certificates (REC), can be purchased by companies with a commitment to support renewable energy projects. However, the companies that received the REC still continue to use fossil fuels.
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Recent research showing that Renewable Energy Certifications jeopardize global studies; Microsoft, Ford and Best Buy examined the plans of companies in different industries to reduce their greenhouse gas emissions. It turned out that these companies that bought the certificate were not as environmentally friendly as they were told.
Anders Bjørn, a researcher at Concordia University, in his latest study REC certificates revealed the ‘trick’ of the acquiring companies. The researcher studied 115 companies with REC between 2015 and 2019. greenhouse gas emissions He stated that he claimed they had reduced it by 30 percent. However, the actual figure was much lower.
According to Anders Bjørn’s study, the rate at which companies cut their emissions during this four-year period was only around 10 percent. In addition, the companies said that they serve their customers on renewable energy based on REC certificates.
“What we can see in our study is that in most cases companies buy certificates that don’t do much for the climate whether they know it or not. Companies’ emissions trajectories are no longer aligned with the 1.5°C target.”
Moreover investments in renewable energy Although it has increased, no firm acts fast enough to prevent the climate crisis. Still, Bjørn believes companies can “voluntarily do that much at most.”
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