G20 Foundation Publications Turkey 2015 | Page 109

SUSTAINABLE ENERGY: IT NEEDS TO BE ON TOP OF YOUR AGENDA Peter Bakker, President & CEO, WBCSD The Turkish Presidency of G20 has put energy sustainability at the centre of its agenda for global action. And rightly so. In the emerging low-carbon world, sustainable energy is a prerequisite for economic growth and prosperity for all. In an increasingly carbon-restrained world shaped by the realities of climate change, sustainable sourcing and use of energy is high on the agenda of forward-looking business. More and more companies are taking ambitious measures to improve energy efficiency in their operations. They are implementing dedicated energy management systems that measure energy consumption and assess reduction potential within different business units. Energy efficiency measures deliver integrated benefits for both business and the environment. They lower an organisation’s energy use and in turn its production costs, while reducing greenhouse gas (GHG) emissions and contributing to climate mitigation. Beyond improving energy efficiency in their operations, innovative businesses are increasingly defining low-carbon energy sourcing strategies. This can be done either in cooperation with suppliers who offer energy from renewable sources or by building their own generation facilities. Small to medium-scale renewables schemes are viable options to source low-carbon electricity in times of abundant generation, meaning an organization only needs to draw electricity from the public grid when it’s necessary. Alternative ways of optimising energy use, such as heat and power storage solutions, can also be part of a low-carbon energy sourcing strategy. Today, most of the available options to generate low-carbon energy are the result of ground-br