Renewables have been in the headlines for a while. Clean energies are at the forefront of the U.S. election campaign, and big tech companies and corporations are increasingly making investments and setting deadlines to achieve a carbon-neutral future.
Big Tech companies look to rely on and develop clean energy sources
From the giant Amazon to Google’s divisions, tech companies are looking to catch clean energy opportunities and to achieve net-zero carbon emissions by 2030-2050
Amazon plans to invest $2 billion in environment-friendly technologies and services. To that end, the e-commerce giant recently invested in five startups focused on recycling activities, climate technologies, and electric vehicle production.
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Those companies were Redwood Materials, CarbonCure Technologies, Pachama, Rivian, and Turntide Technologies.
For internal activities, the company expects to reach a zero-carbon level by 2040 and use 80% and 100% renewable energy by 2024 and 2030.
Alphabet’s Google is also working to achieve its zero-carbon plan by 2030. For corporate operations, the division plans to run its facilities on renewable energy electricity.
Microsoft and Apple aim to adopt a low-carbon agenda through clean power and reduce energy bills significantly. For instance, Microsoft purchased two power agreements with EP Renewables North America for a wind energy joint initiative in Oklahoma.
Apple is already carbon neutral, only for its global corporate operations. However, the company also committed to becoming 100% carbon neutral across its entire supply chain and thought its products’ life cycle by 2030.
Biden’s Clean Energies Plan
Democrat presidential candidate Joe Biden has been campaigning considerably for a clean energy agenda, which involves an infrastructural plan.
He aims to invest $2 trillion in renewables alternatives during his first term.
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Such a plan contemplates infrastructure investments in wind turbines, solar panels, charging stations, and so on. Biden’s proposal also intends to eliminate all toxic emissions from the power grid by 2035 and boost electric vehicle utilization.
Do trends coincide with smart investments?
According to the International Energy Agency (IEA) reports, clean energies will represent 30% of the world’s electricity by 2024. That would be an increase of 4% in comparison to current rates.
Market Allied Research also points out that the global renewable energy market will be $1.5 billion by 2025.
Given the context, there are several exchange-trade-funds trackers seizing opportunities within the renewables market.
