The sale of internal combustion engine vehicles peaked 4 years ago.
The cost of pollution is rising as carbon taxes increase worldwide. As these costs coincide with individual consumers and corporations becoming more aware of our carbon footprint and impact on the planet, we're seeing a consumer-driven paradigm shift to focus on products and services that offer little to no negative environmental impact. These changes together are changing the behavior of large corporations and forcing them to consider ways to reduce their carbon footprint, or lose their market share.
Solar is booming! There are so many reasons to go solar today , including reducing your carbon footprint, pairing solar panels with an electric vehicle charging station, having battery backup in case of blackouts or electricity grid failures, and just wanting to reduce your electricity bill.
Needing to have the money upfront to purchase a solar energy system is a myth. There are many ways to invest in a solar electricity generation system with $0 upfront, both in the residential and commercial and industrial (C&I) applications of solar panels.
Entering the solar industry can be an easy transition with the right resources and information. Understanding more about solar projects, including the difference between the three stages of a solar project; early, mid-stage, and late stage, can help tremendously by helping to determine where a newcomer to the industry can jump right in and transition their expertise smoothly to a solar project and where to engage experts in the field when they're just starting out.
The energy transition into renewables is underway, and as the demand for more renewable energy increases, so does the need for service providers in the industry. Solar has only achieved 3% market penetration (or it's share of total electricity generation) in the US as of the end of 2020, according to research from SEIA (Solar Energy Industries Association), and is poised to continue to grow in the years to come. If you're considering expanding your skill set or business to include solar, it's a great time to get into the industry.
As the world begins to wholeheartedly embrace our current climate crisis and make moves to do their part to avert the oncoming crisis, investors are beginning to transition their investments into climate-friendly funds. Recently, the worldwide total included 400 funds that fall into the climate-focused category, with about 25% of those funds coming from the US market.
With a continually growing number of options, how does an investor choose which funds to invest in?
We celebrated Earth Day last week and offered suggestions to make small lifestyle changes to contribute towards a sustainable future for our planet in our Earth Day blog post. Keep that momentum going all year round by adopting one or all of the following suggestions to live a more sustainable lifestyle and reduce your carbon footprint on this earth!