Article summary
The chemical sector, responsible for 5% of global emissions, plays a critical role in addressing climate change. Despite a 48% reduction in energy consumption since 1990, the industry must adopt more effective methods to meet net-zero targets. One challenge is procuring clean energy that aligns with operational needs, due to the lack of real-time data.
The current approach to green energy certificates is insufficient. Many companies buy certificates in bulk, which often do not align with their actual energy usage. This practice can lead to inaccuracies and greenwashing, undermining their sustainability goals.
The solution is 24/7 carbon-free energy (CFE), which allows companies to match their energy consumption with renewable generation on an hourly basis. By adopting this method, businesses can ensure genuine clean energy use and gain confidence in their environmental impact. Additionally, 24/7 CFE presents cost-saving opportunities and potential to attract investment.
For chemical companies, transitioning to 24/7 CFE will not only help them meet net-zero targets but also strengthen their long-term business prospects. As the industry faces increasing pressure from stakeholders, adopting this approach will position companies at the forefront of sustainability, with substantial financial and reputational advantages.
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Original source: https://www.chemicalindustryjournal.co.uk/a-genuine-way-to-tackling-the-industrys-vast-energy-consumption
