Around the world, fuel supplies are depleting, and the atmosphere is growing increasingly polluted. Mankind has leveraged fossil fuels to power homes and businesses since the 18th century. Today, however, it's abundantly clear that the continued use of fossil fuels as a power source is unsustainable.

Resultantly, humanity is on the verge of a level of clean power adoption never before seen in history. To continue this growing trend, however, the world's business leaders must support the clean energy movement.

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When researchers first introduced clean energy, many raised questions about its scalability and stability. Currently, however, approximately one-fifth of the world's electricity comes from renewable sources.

In 2016, for example, clean power installations produced 160 GWs of electricity. While this was 10-percent more than the amount of clean energy produced in 2015, suppliers provided the renewable power at nearly 25-percent less cost than the previous year. Furthermore, 2016 marked the first time in history that solar capacity surpassed any other electricity-producing source.

Saving the Environment With Clean Energy

Despite this recent progress in the proliferation of renewable energy in recent years, United States households and businesses still draw most of their electricity from non-renewable sources.

Nonrenewable power sources, such as coal and oil, are the top cause of industrial air pollution and create more carbon monoxide emissions than any other industry in the country. Fortunately for the environment and society, a rapidly growing number of enterprise leaders recognize the importance of clean power.

Cutting Costs With Renewables

Utility costs are rising. The cost to install solar power systems, however, is dropping within the reach of many small- to medium-sized businesses.

Today, solar power is a cost-effective sustainable energy alternative for business owners. Still, many business leaders still fail to recognize how innovations such as solar energy can benefit their enterprise. While the upfront cost to install a clean solar-powered electrical source may seem exorbitant, the long-term benefits far outweigh any costs.

According to solar energy leader Owen Smith, CEO of EnergySeek.co.uk, "Today, reduced long-term costs and sustainability should be the key driver for businesses in leveraging renewable technologies." In fact, the typical commercial property that generates approximately $2,000 per month in electricity costs using traditional nonrenewable sources can slash their monthly utility bill to approximately $500 each month with clean power.

Businesses Are Leading the Way in Clean Energy

In the United States, 1,700 enterprises have committed to compliance with the Paris Agreement, despite the withdrawal from the clean energy accord by the nation's current governmental regime. As of December 2017, 327 major corporations, worth a combined total of $6.5 trillion, have vowed to comply with Paris Agreement goals established by the Science Based Targets Initiative. Furthermore, 864 other United States enterprises have pledged their intention to comply with evidence-based clean energy best practices by 2019.

Around the world, Paris Agreement participants include enterprises located in 50 nations spanning 70 business sectors, which encompass finance, chemicals, food processing, technology, hardware and other industries. In the U.S., Paris Agreement firms comprise 20-percent of the group and to date have made the largest commitments to promote clean power. Additionally, despite the American government's withdrawal from the Paris Agreement, business leaders who head firms of all sizes have signed the "We Are Still In" declaration, which highlights their commitment to honor the clean power accord.

Enterprises can benefit greatly from recent advances in clean energy as well as available financial incentives to leverage the resource. Around the world, business heads can lead the charge in leveraging clean energy that benefits citizens, communities and entire nations.

Currently, there are a number of emerging options for the generation and storage of clean energy across smart grids. Electric mobility, for instance, could possibly serve as a distributed load and a backup power resource. Furthermore, the collaboration of public and private sectors could enable faster clean energy deployment that benefits communities around the world.

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To advance the clean power agenda, advocates and supporters must protect the interests of renewables. Also, clean power vendors must strike a balance between fair competition and incentivizing enterprises to leverage the technology. In addition, the vendors must create a win-win environment where all stakeholders realize a substantial return-on-investment. Furthermore, government leaders must support clean power initiatives for the good of society.

For now, it looks like the clean power agenda is doing well. However, contemporary business leaders must do their part to ensure the ongoing adoption of clean energy sources and the well-being of society.

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