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The Power of Clean Energy: Why Entrepreneurs Must Embrace Sustainability

Updated: Oct 20, 2023

This week, I had the pleasure of hosting David Burchfield, the President of Burch Energy, a local Portland company dedicated to promoting racial inclusivity in the clean energy economy and mitigating the impacts of climate change. In our conversation, we delved into the significance of clean energy, why it matters, and why entrepreneurs should care about it.

Clean energy refers to power generation systems that don't produce harmful pollution, particularly greenhouse gases like CO2, which contribute to climate change. The effects of climate change are becoming increasingly evident, such as experiencing snowfall during spring break in Oregon. This underscores the urgency of transitioning to clean energy solutions.

The Office of Energy Efficiency and Renewable Energy (EERE) recognizes the importance of clean energy for several reasons:

  1. Accessibility and Affordability: Clean energy should be accessible to all Americans, ensuring affordable, reliable, and sustainable power sources. Energy affordability is crucial, allowing consumers to cover their electricity expenses while meeting other essential needs without feeling overburdened.

  2. Innovation: Clean energy is driving innovation across the economy. By introducing new ideas, methods, devices, and changes to the energy industry, the United States can reap the benefits of a clean energy revolution.

  3. Job Creation and Growth: The integration of renewable energy and energy efficiency technologies into the power system is fostering job creation and growth. Investing in clean energy infrastructure and projects requires a larger workforce, resulting in positive economic impacts and positioning the United States as a global leader.

Clean energy also has implications for environmental preservation, health and safety, STEM education, and various other areas that contribute to a sustainable future.

But why should entrepreneurs specifically care about clean energy?

Costs play a significant role. Energy expenses can pose significant financial burdens on entrepreneurs. The Carbon Disclosure Project (CDP) estimates that climate change risks will cost businesses up to $120 billion in the next five years, disrupting supply chains and impacting profitability.

Entrepreneurs hold a crucial role in addressing the climate crisis. As Drew Hendricks wrote for Inc., while governments may enact regulations and stimulus plans, it is entrepreneurs who must find and monetize the solutions. They have the potential to drive the necessary innovation and change in the clean energy sector.

Every entrepreneur can take small steps to make their business more clean energy efficient. With the rising cost of crude oil and the need for sustainable practices, it is wise to explore ways to incorporate clean energy solutions. Connecting with the knowledgeable team at Burch Energy can provide valuable insights and suggestions tailored to your specific business.

In conclusion, clean energy is vital for a sustainable future. Entrepreneurs should care because it directly affects their costs, profitability, and the overall well-being of our planet. By embracing clean energy, entrepreneurs can contribute to a greener economy, foster innovation, and position themselves as leaders in a rapidly evolving business landscape.

Let's take action and make clean energy a priority in our entrepreneurial journey.

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