Global warming is a tangible phenomenon which, if allowed to go unchecked, can possibly wipe out the entire human race. Excessive emission of greenhouse gasses (GHGs) is the culprit behind the dangerous occurrence of global warming.
Since global warming is a manmade catastrophe, the solution to it also lies within the capacity of the 21st-century man. The phenomenon of global warming became apparent only after the industrial revolution by the mid of 19th century which goes to show that industries and trans-national organizations are the major contributors of greenhouse gasses.
Which industrial activities cause the emission of GHGs?
Industries are driven by energy and energy is extracted by burning fossil fuels; chiefly coal, oil and gas. Carbon dioxide, carbon monoxide, methane and oxides of nitrogen are the common byproducts of burning of fossil fuels – all of which contribute to global warming. The transport sector is responsible for 25% of annual GHG emissions. Organizations frequently need to relocate and commute, which means more burning of fuel and more GHG production.
So what is the solution?
Even though the situation sounds pretty grave, there are numerous ways through which organizations can reduce their carbon footprint.
One of the most economically viable solutions is to shun the conventional methods of energy production i.e. burning of fossil fuels and substitute it with solar energy. On an average, the earth receives 700 PW/m2 (petawatts) of insolation annually, which is indicative of the enormous potential for the production of solar power of the Earth.
If industries derive their energy requirements using solar energy instead of coal and gas, their carbon footprint will drop to a minimum.
Another way to reduce the carbon footprint is to promote the use of hybrid vehicles – it is a vehicle which is powered partially or completely by electricity and it leaves no trace of the dangerous GHGs generally associated with vehicles. It is a relatively new concept, but it can have far-reaching impacts in terms of reduction of carbon footprint. If planned and executed in the right manner, solar power can contribute significantly to the production of electricity which is required to run the hybrid vehicles.
Earn Carbon Credits via Solar Power
According to the terms set in the Kyoto Protocol, a company can earn carbon credits in two ways:
- By reducing the carbon footprint by adopting new cleaner technology which curbs the emission of GHGs
- By helping other organizations in reducing their carbon footprint either in terms of monetary aid or by providing logistical support
Keeping in mind the above-mentioned clauses, organizations can earn carbon credits by going solar all the way. If the organization uses an on-grid solar system, it can inject the excessive electricity into the electric grid, thus reducing the scope of GHG intensive grid and earning carbon credits for the company. Likewise, organizations with strong financial backing can earn carbon credits by contributing in terms of monitory aid to the cause of green energy; solar energy being the most abundant form of it.