ESG-Centriq

Solar panels have gained significant importance in recent years due to their numerous benefits and contributions to sustainability. Here are some key reasons why solar panels are considered important:

➡renewable energy: solar panels harness the power of sunlight to generate electricity, providing a clean and renewable energy source. Unlike fossil fuels, which are finite and contribute to greenhouse gas emissions, solar energy is abundant and has a minimal environmental impact.

➡climate change mitigation: they play a crucial role in reducing greenhouse gas emissions and mitigating climate change. By utilizing solar energy, we can decrease our reliance on fossil fuels, which are the primary drivers of carbon dioxide emissions. Shifting to solar power helps to lower carbon footprints and combat global warming.

Businesses basing their activities on ESG have an enormous potential of growth. Educated consumers increase their demands for green products and their requests need to be fulfilled. ​

This turns into a tremendous opportunity, as James Lambert, Director of Economic Consulting for Asia, says: “the green economy will create an opportunity worth $10.3 trillion to 2050 global GDP, in 2020 prices. This is the equivalent of 5.2% of global GDP in that year.”​

Check his entire article – it will give you goose-bumps, but also some butterflies in the stomach. ​

https://www.oxfordeconomics.com/resource/the-value-of-the-green-opportunity/