As you all know, sustainability is a very inclusive topic (I mean…climate change doesn’t choose which countries to disturb right?). As such, it is important to pay attention to environment related news from all around the world; unless you believe that global warming is a hoax and having an excess of 5°c in winter is completely normal.
Today, we’ll explore the utilities industry in Europe…why? Well, ≈19 billion Canadian dollars of earnings are at risk if Europe’s major companies don’t change their production processes by 2050. This implies, inter alia, less revenue for European governments, less potential jobs and less budgets to support sustainable enterprise. Despite the EU’s objective to “provide 45 percent of electricity from renewables by 2030“, the 14 leading companies in the European utilities industry are expected to produce amounts of greenhouse gases that will exceed the “‘carbon budget’ required to keep temperature rises below 2°C“, by 14%. If you want to learn more about these numbers and their implications in the global assessment of carbon emissions, make sure you check out Sustainable Brands article!