Part 9 - Green Technologies

“Not a day passes for me without seeing the many ways in which digital technology can advance peace, human rights and sustainable development for all.” António Guterres, Secretary-General, United Nations 

Environmental technology, green technology or clean technology is the application of one or more of environmental science, green chemistry, environmental monitoring and electronic devices to monitor, model and conserve the natural environment and resources, and to curb the negative impacts of human involvement – Wikipedia.

Research and Markets, arguably the world largest research store, introduces their report – “Green Technology and Sustainability Market Research Report” with the following statement: “Due to the rising awareness about the harmful effects of greenhouse gas emission on the environment, the need for low-carbon electricity is increasing, which is driving the global green technology and sustainability market. Governments and utility firms around the world are focusing on generate power from renewable sources like the sun, wind, and water, to reduce the carbon footprint. By employing artificial intelligence (AI), the created energy can be stored for cloudy days, when the photovoltaic (PV) panels cannot function.

Thus, with an increase in the renewable power capacity and integration of advanced systems to store the energy, the green technology and sustainability market is growing. Compared to $8.3 billion in 2019, the industry is predicted to generate revenue of $57.8 billion in 2030. Green Buildings to be Largest Application Area till 2030