As countries throughout the world begin to shift towards renewable energy sources, large corporations are also following suit. BP’s Energy Outlook also cites that costs of renewable energy are comparatively cheaper than oil and gas, becoming a more lucrative choice for businesses.
Prices of wind and solar energy are marginally cheaper than non-renewable resources, but as the industry continues to progress, clean energy prices can be expected to decline even further. However, despite the growing initiative to transition towards clean energy, BP projects that carbon emissions are expected to increase by 10% by 2040… large international corporations such as Apple, Facebook, Google, Amazon, and Wal-Mart have all pledged to transition towards using renewable resources to power their operations. Moreover, oil and gas giants such as Exxon have established wind and solar energy plants in order to shift towards a cleaner future as well.
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