5 - Non-renewable Energy 🏭

Have you thought about the percentage of non-renewable sources of energy consumption and production to renewable sources in the companies you are investing in? What are renewable energy sources and why are they called alternative sources of energy? And why does Sustainable Finance Disclosure Regulation talk about them as one of the Principal Adverse Impacts? 🤔 Let’s start the ride to understanding these concepts and their importance in your impact investing journey. 🚀 Fossil fuels (non-renewable sources of energy) are responsible for two-thirds of emissions in the last twenty years. In the European Union also, almost 70% of the energy comes from fossil fuel (petroleum products- 35%, natural gas- 24%, solid fossil fuel- 12%). Moreover, non-renewable sources like coal, natural gas, oil and nuclear energy cannot replenish themselves, hence their consumption and production are limited in supply. 🙅‍♂️ Unfortunately, we are still dependent on these energy sources in our daily lives. 😕 Have you thought about how much percentage of non-renewable energy is in the consumption and production of your investee companies? Because the higher the percentage of renewable sources in their energy mix, the more sustainable these companies are! 💚