this post was submitted on 26 Jul 2023
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Someone with a degree weigh in here. All these big tech companies are buying 100% sustainable energy, reducing their carbon footprint YOY, but it doesn’t seem to be making a difference on global GHG.
What accounts for the increase? Purely population increase plus consumption?
Not a degree holder for this topic but my significant other works in renewable energy. A lot of these companies actually just buy and sell "renewable" credits which is legal in the US so they can make the claim. They themselves do not have to be using renewable energy. IE if I am LemmyCorp and I have genuine renewable energy, I can get it certified and sell my credits to BananaPhoneCorp.
It is not always the case, but it is quite popular. Rivian's CEO made a remark on it today: https://www.theverge.com/23803541/rivian-solar-kentucky-ppa-ceo-scaringe-interview
Due to constant growth being a requirement of our economic system, implementation of renewables results in the prior non renewable energy being consumed by another entity.