Study on sustainable development of electricity resources in the United States

McLaughlin Toronto, York University, Ontario M3J 1P3, Canada

^* Corresponding author: devin17@my.yorku.ca

Abstract

Relying on renewable electricity generation is critical to combating climate change and meeting long-term environmental objectives. In addition to discussing the Triple Bottom Line approach’s practical applications, this essay delves into the approach’s theoretical underpinnings. Companies like Tesla and the financial industry play crucial roles in encouraging the responsible growth of the nation’s electrical power grid. This essay argues that sustainable behaviours and investments in renewable energy can benefit from fiscal and economic policies that give incentives in these areas. In addition to contributing to Tesla’s market leadership and financial success, sustainable business practices can also help set an example for other companies. Incentives for renewable energy, increased energy efficiency, and a receptive regulatory environment are all recommended in this essay. The competitiveness of electric power companies may be increased, and their contributions to sustainable development may be increased via the incorporation of sustainability principles, circular economy practices, and stakeholder engagement.