Green energy is any energy type that is generated from natural resources, such as sunlight, wind or water.
Green energy often comes from renewable energy sources although there are some differences between renewable and green energy.
The key with these energy resources are that they don’t harm the environment through factors such as releasing greenhouse gases into the atmosphere.
As a source of energy, green energy often comes from renewable energy technologies such as solar energy, wind power, geothermal energy, biomass and hydroelectric power. Each of these technologies works in different ways, whether that is by taking power from the sun, as with solar panels, or using wind turbines or the flow of water to generate energy.
According to The International Renewable Energy Agency (IRENA), the economic impact of green energy will be staggering. One study finds that doubling the share of renewables by 2030 would bring a range of positive impacts including an increase in global gross domestic product (GDP) up to 1.1%, improvement of global welfare by 3.7% and over 24 million people working in the renewable energy sector.
This study provides the latest evidence that mitigating climate change through the deployment of renewable energy and achieving other socio-economic objectives are mutually beneficial. Thanks to the growing business case for renewable energy, an investment in one is an investment in both.
A full understanding of these benefits can tip the balance toward low-carbon investments and future-proof our energy system.
Want to learn more? Tonex offers a 5-day Green Energy Mini MBA program where participants learn about the different types of green energy, how they are impacting societies currently and the impact they will likely have in the future.
An important part of our Green Energy Mini MBA involves an in-depth look at the economics of green energy including how corporations can benefit as well as make green energy transformations.
Tonex also offers several more Mini-MBA programs:
For more information, questions, comments, contact us.