The world’s largest natural gas company, EDF, has been working hard to help its customers cut down on their carbon footprint.
But the company’s recent move to buy up energy from wind power, solar, and hydroelectric power producers is being criticised by environmentalists.
Natural gas, also known as ethane, is a liquid gas that has a higher melting point than other liquids and can be produced from methane, which is methane produced from the decomposition of methane, a natural gas.
Its use is becoming more prevalent in Europe and Asia, where gas production is at its peak.
But while wind and solar power are growing rapidly, EDP says that they are only suitable for small areas where natural gas production would be needed.
Its new purchase of energy from the wind and hydropower industries will create an additional 25 million kilowatt hours of energy annually, the company said in a statement.
The company said it will invest in new technologies to make energy more cost-effective for customers.
It will also increase its renewable energy portfolio, which will include wind and hydropower.
Energy analysts say the move to the wind power industry will increase the use of natural gas, which has lower emissions than other fossil fuels.
EDP, which makes more than 70% of its electricity from natural gas in the US, said it would also reduce its carbon footprint by 10% over the next five years.
It said its purchase will help reduce the environmental impact of natural resource development and energy consumption.
However, some environmentalists are concerned that the purchase will not be enough to address the climate change impact of wind and other energy production.
“The EDP buy is a huge step in the right direction but is still not enough,” Greenpeace Australia chief executive Sarah Tindall said.
“It’s not enough to make the transition to renewables that will save people money in the long run.”
The EDF purchase comes at a time when renewable energy is surging in popularity, with wind and sun power accounting for nearly a quarter of Australia’s total energy demand, according to figures from the Australian Renewable Energy Agency (ARENA).
But the company says it will keep its focus on energy production and not on the environment.
“We believe that a strong, diversified energy portfolio that includes a wide range of renewables and energy efficiency technologies is critical to meet Australia’s climate change and energy security objectives,” EDF said in its statement.
“This is why we are committed to investing in innovative energy technologies that will drive down our CO2 emissions, enhance our competitiveness and drive innovation in new energy technologies and services, and deliver more affordable energy solutions for customers.”