There is a burgeoning market for companies to invest in renewable energy. The Taiwan government is also supporting the market for companies to make a profit by investing in solar power, wind power, geothermal heat and water energy. Taiwan is able to exploit its natural resources and the authorities are taking measures to ensure that the local population has access to energy at affordable prices. This has encouraged large-scale investment in green technologies.
For instance, the construction of a solar energy production plant in Hualien last month received an enthusiastic welcome from the local Taiwanese Government. The local investors were successful in raising funds for the project and this helped it progress far faster than expected. The local economy will be stimulated as jobs are created and companies begin to make profits from the operation of the Hualien solar energy plant. This will create more jobs in the wider Taiwan region and help increase economic development. In addition, the project manager for the Hualien solar energy plant has committed to creating hundreds of new jobs for local citizens.
There is also a move away from fossil fuels and towards greener forms of energy production. China and India have made moves in this area recently and there are encouraging signs from Europe and the USA too. This has encouraged companies to think about their carbon footprint and how they can reduce this further. One of the chief problems faced by businesses trying to find ways of reducing their carbon footprint is the difficulty of sourcing raw materials from major emitters. However, there is an easy way of doing this.
Sweden has recently passed a law that makes it easier for companies to source green energy sources from within their country. The law states that companies need to submit information to the Swedish Trade Administration before selling energy produced in the country. This is similar to the way that British Petroleum operated but was found to be much easier to do since the rules apply only to energy production within the country. It is a very clever way of stimulating energy production within Sweden, helping to avoid increases in prices associated with increasing demand.
There are other reasons why companies invest in this area. For example, companies may wish to cash in on the growing interest in green energy, especially with governmental support for renewable forms of energy coming from a wide range of countries. Many developing nations depend heavily on wind and solar power and would reap great benefits if people started to shift their reliance on these sources. Similarly, companies will often seek to reduce their environmental footprint, which could help them to protect assets and prevent depletion of the earth’s natural resources. They can also use these investment opportunities to increase research and development within the area of energy production and green energy resources.
Of course, not everyone will be interested in solar panels or wind turbines. However, it is clear that there are huge benefits in pursuing these options, both to the environment and to businesses. Not only are they more affordable than many alternatives, but there is less pollution produced by the use of alternative energy sources and they are a far more efficient way of producing electricity. If you own a company that utilises energy sources such as wind or solar panels, consider investing in green energy sources. You could see huge savings in your annual fuel bill and a responsible way of going about business whilst doing your bit to save the planet.