Examining the Financial Impacts of Renewable Energy Adoption on American Tech Corporations
This research aims to investigate how the adoption of renewable energy methods has impacted the expenses for large american public tech corporations. The motivation behind this question stems from the increasing importance on sustainability, environmental and social governance given a backdrop of climate change. Using data on expenses filed to the SEC, energy consumption and costs filed in corporate sustainability reports, a linear regression model was estimated to assess the relationship between green power adoption and changes in costs. The results of this study provide insight into the financial implications and incentives of the green energy transition.
The adoption of green energy is a factor, the concurrent rise in expenses appears closely linked to the growth of the Gross Domestic Product (GDP). These findings emphasize the need for corporations to navigate the relationship between sustainability efforts, financial strategies, and the broader economic context.
My mentor Frank was very helpful in guiding me through my project. He was supportive of my research topic and had knowledge and skills to help me achieve my research paper