Green technology is still a young market and is easily misunderstood. The term is used to describe technology that is considered environmentally friendly, either because its supply chain is environmentally conscious or its production processes are. As well, the objectives of green technology are often thought of as being tied directly to renewable energy, but they’re much broader.
In order to better cope with the negative effects of abuse, pollution, and waste we must not only be aware of our current circumstances, but also implement changes that will help us achieve a more eco-friendly way of life. Green technology investments have brought many opportunities to the forefront, not only in additional investment opportunities, but also in producing products and services more suited to the goals of ESG and corporate sustainability.
For example, energy production has always been a major concern for the world; he who has the most fossil fuel wins. Of course, the results have been less than favorable, in pollution, damage to farm lands, destruction of marine life and more. Among other areas, green tech investments look towards renewable energy sources, like solar panels and wind turbines, as a way to start transitioning away from less renewable, more damaging resources.
The 3 Objectives of Green Technology
The depletion of resources, as well as more awareness of the impacts on the environment and climate, have pushed green tech further into the sight of those interested in investments that make a positive impact.
Green technology doesn’t specifically target renewable energy tech. Not only does it look at energy, but also material science, agriculture, hydrology and other scientific research. As mentioned above, its objectives are much broader:
Positively impact the environment
One objective of green technology is that it has a positive effect on the environment by reducing human impact. This is one reason it is often lumped together with renewable energy. Many green tech initiatives aim at carbon dioxide emissions and other green house gasses with the goal of reducing or removing them. Solar energy is an example.
Improve the quality of life
Those who invest in green technology not only look at future prospects – a cleaner future for our children, reducing the possibility of another Dust Bowl, and so on – but also the prospects of today. For example, sustainable agriculture practices – such as crop rotation, integration crops and livestock, as well as investments in irrigation techniques – look at the future and how to help crops to grow better today.
Be economically viable
For a research program, science or investment opportunity to be considered green tech, it needs to be economically sustainable as well. Good investments provide good returns for individual investors and companies, but it should also positively affect the national and global economies. For example, new markets such as 3D printing produce numerous possibilities for economic growth in potential job creation.
What Does Green Technology Include?
Green technology has been used for many years, but people have become more aware of its benefits in recent decades. Regardless of the plan that you chose to implement, there are a number of things you will want to consider if you’re going to help make a difference for future generations. Therefore, green tech includes:
To make the most of green technology we must sustain the natural environment. We must do what we can to protect our planet from further damage. This means that consumers should start giving more thought to their actions.
If people are going to use green technology, they need to be sure that it’s a viable long-term solution for them and everyone else. Take a moment to look at how your actions will affect the environment before you decide on which type of technology you want to invest in.
By choosing to invest in green technology, you are making a social impact. Not only are you helping the Earth and the people who are dependent on it, but you are also be investing in a company that is committed to doing the same.
One of the most notable advantages of green technology is that it’s capable of using renewable resources, like solar panels and wind turbines. This means that the Earth will be able to protect itself against global warming and help regulate our climate by producing more energy.
Green technology has helped to reduce pollution levels world wide and has become an essential part of how we manage resources around the world. Pollution is conscious from a lot of things and different parts of the environment. Therefore, it is essential to have something in place that can regulate and reduce the amount of pollution put into the air.
There is a growing need to shift to sustainable systems. Not only in goods and practices, but also economically. Impact investing is the bridge between sustainability and profitability.
For any project or investment to be sustainable, it must first be profitable. It must span the spectrum of sustainable energy, water and agricultural sectors. Finally, it must be based on science and efficiency.
At Transformation Holdings, we know that profit and sustainability aren’t mutually exclusive. Join us as we bridge the gap.