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Companies are realizing that renewable energy is good for business
Key Excerpts from Article on Website of Popular Science
Posted: November 19th, 2017
https://www.popsci.com/renewable-energy-business-climate-cha...
The conservative city of Georgetown, Texas, runs on renewable energy. After all, wind and solar power are more predictable and easier to budget than oil and gas. Clean power pushes may be associated with more left-leaning cities, but Republican mayor Dale Ross called the switch to renewables a no-brainer. In 2017, at least 15 weather events cost the government more than a billion dollars each. The most expensive events we have in the U.S. are floods. The money spent preparing for and preventing these events ... pays itself back double, triple, and even quadruple times over. But companies and private citizens often fail to prepare properly because the money spent on prevention is private, whereas costs after the fact are often allotted through government organizations. Many fail to connect the cost of switching to renewable energy with the eventual savings of avoiding natural disasters. On an even larger scale, the costs of switching to renewable energy are larger up front, though they save money in the future. For example, Denmark struggled to store its wind power in a way that allowed them to save it for times of high electricity demand. Then they encouraged residents to buy electric cars. Now these vehicles act like moving batteries, and people can sell the energy back to the grid when the cars are parked.
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