How to increase the use of renewable energies?

The planet is hurtling towards a climate crisis. The scientific consensus is that average temperatures are rising far too quickly and extreme weather events are becoming more frequent, endangering all species on Earth. This crisis is caused by our reliance on fossil fuels, which release large amounts of carbon dioxide into the atmosphere.

To alleviate this crisis, it is important that we make a global effort to switch from fossil fuels to clean and renewable energy sources, such as solar and wind power. But how do we achieve this when we are so dependent on non-renewable energy sources? Here are five ways to increase the use of renewable energy as a global community.

ETRM software for renewable energies

ETRM software, which stands for Energy Trading Risk Management Software, is a software solution that helps energy companies manage their physical and financial trading of energy commodities. ETRM software is a type of CTRM (commodity trading & risk management) software, but it is specialized in the energy sector.

ETRM software is an invaluable tool for energy companies, helping them facilitate transactions and manage financial risk. However, at present, there are no ETRM software solutions focusing exclusively on portfolios with only renewable energy assets. This is a problem because traditional ETRM software offers many features that revolving-only wallets don’t need, which can be a waste of money.

Therefore, to make renewable energy asset trading more profitable and desirable, we need renewable energy focused ETRM software solutions. Companies like Pexapark are raising awareness about this issue, but more needs to be done.

Set ambitious goals

Companies can do a lot to increase the use of renewable energy around the world, but governments must also step up their efforts. One of the ways in which governments can increase the use of renewable energy is to set ambitious targets for switching from fossil fuels to renewable sources, such as the promise to obtain a certain percentage of the country’s energy from of renewable energies on a given date. Governments can also work together to set global climate goals – past examples include the Kyoto Protocol and the Paris Agreement.

Invest in renewable energies

Of course, to achieve these ambitious goals, governments need to invest heavily in renewable energy so they can move away from fossil fuels. For example, this means that more wind turbines and solar panels need to be installed around the world, especially in windy and very sunny areas.

Renewable energy investments should also focus on improving existing technology. It is often claimed that renewable energy sources are not efficient enough for us to rely on entirely, so this is an area we need to focus on. One idea is to reduce the amount of noise produced by wind turbinesallowing them to be installed in more areas and potentially closer to communities.

Increasing our use of renewable energy is absolutely essential if we are to reduce the impacts of climate change. By sticking to these renewable energy strategies, we can hopefully secure a brighter future for future generations.

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