I’ve received many questions over the past few months about Ingersoll Rand’s commitment to reducing energy demand and greenhouse gas (GHG) emissions. Those questions intensified this week with news of the United States’ withdrawal from the Paris Agreement on climate change.
We are disappointed by the decision of the United States to leave the Paris Agreement, a historic global accord to combat climate change and protect our planet for future generations. Despite this setback, there is also cause for optimism. The Paris Agreement has activated an unstoppable momentum for climate action, with an essential role spelled out for responsible business.
Answering the call for increasing energy self-reliance, a grassroots electricity-sharing model is emerging. “Community microgrids,” comprising community-owned or subscribed solar PV and other renewable energy sources, offer participants and surrounding consumers the security of energy resilience in times of grid failure and protection from energy price increases driven by volatile energy markets. They also give energy producers/consumers (aka “prosumers”) more control over the renewable energy they generate.
BSR regrets today’s executive order from U.S. President Donald Trump to dismantle the Clean Power Plan, a set of U.S. Environmental Protection Agency (EPA) policies that are intended to reduce the United States’ greenhouse gas emissions by 32 percent from 2005 levels and cut carbon pollution from the power sector by 30 percent by 2030.