CLEANTECH:-
Clean technology refers to any process, product, or service that dramatically raises energy efficiency. Also uses resources sustainably, or promotes environmental protection. Clean technology refers to a broad variety of technologies. Examples are lighting, grey water, electric motors, recycling, renewable energy, information technology, green transportation, and more. Through the creation of carbon credits, environmental finance is a mechanism via which new clean technology initiatives may get funding. A project having a carbon footprint is one that was developed with the goal of limiting climate change.
A wide range of products, services, and procedures that use renewable resources for materials and energy are referred to as “clean technology.” It substantially minimize the use of natural resources, and cut or eliminate emissions and wastes” by Clean Edge. Clean Edge states, “Clean technologies rival their conventional counterparts, if not outperform them. Many also provide important additional advantages, including their capacity to enhance the quality of life for people in both developed and developing nations.”
Investments in clean technology have increased significantly since they gained attention in the year 2000.
The United Nations Environment Program reports that in 2007, investments in renewable energy reached a record $148 billion as a result of higher oil costs and measures addressing climate change. Of that money, $50 billion was allocated to wind energy. Overall, investment in the renewable energy and energy-efficiency sectors increased by 60% between 2006 and 2007. [1] By 2018, solar photovoltaics, wind energy, and biofuels would generate $325.1 billion in income, according to a 2009 prediction by Clean Edge. [2]
The term “cleantech” refers to goods and services that increase operational effectiveness, productivity, or efficiency while lowering expenses. It also input requirements, energy consumption, waste production, or environmental contamination. Its root is the growing consumer, governmental, and commercial interest in clean energy generation. Perhaps most notably, the increased public awareness of climate change, global warming, and the negative effects of burning fossil fuels on the environment. Land use organisations and venture capital firms are frequently linked to cleantech. The word has historically been separated from other definitions of green business, sustainability, or triple bottom line businesses due to its beginnings in the venture capital investing industry. It has since expanded to define a business sector that includes significant and fast-growing industries. Examples are solar, wind, water purification, and biofuels.
Also the idea of cleantech first emerged among a group of emerging technologies and industries. Based on principles of biology, resource efficiency, and second-generation production concepts in basic industries.
IMPORTANCE OF CLEAN TECH:-
The importance of clean technology among enterprises and companies has also grown. No matter what industry a firm is in, it can cut pollution and filthy fuels, and employing clean technology has turned into a competitive advantage. They actively promote sustainability by utilising clean technology and other methods by developing their Corporate Social Responsibility (CSR) goals. In 2018, Fortune Global 500 companies spent almost $20 billion annually on CSR initiatives.
The year 2030 still seemed far off when the United Nations established the 17 Sustainable Development Goals (SDG) in 2015. The question of whether the 2030 goals can actually be met today is brought up. Because of the SDGs’ unsuccessful implementation, which should serve as a roadmap for business models and their consequences on society.
For instance, in low-income countries today, more than 90% of solid waste is still dumped or burnt. Two billion tonnes of solid waste are created annually around the globe, according to a World Bank research. In the following 30 years, this number will rise to three billion tonnes. Only about a third of this is disposed of in an eco-friendly manner.
The direct dumping of plastic garbage into our oceans is one of the primary causes of environmental contamination. The total amount of plastic garbage created worldwide in 2016 was an astounding 242 million tonnes. The technological advancements that the European deep tech investment firm funds will facilitate the fourth industrial revolution. One tactic utilised to achieve the SDGs and the 2030 Agenda is investing in cleantech companies.
BOUNDARY HOLDING:-
Boundary Holding , an investment company based in Luxembourg, is a pioneer in the world with a unique investment strategy. Its main areas of investment are future technology companies and start-ups in Europe that aim to add value to companies and investors. This innovative approach has helped Rajat Khare‘s Boundary Holding build its reputation and help it progress in its technology assessments and research. This is quite an achievement considering that venture capitalists usually decouple from the vision and focus on things that don’t matter in the medium to long term.
2022 has been an eventful year for the company. By investing in startups, Boundary Holding and the companies’ respective CEOs show how well vision and financial goals align with the goal of fostering human well-being and progress.
For example, assistance was provided to the company Trashcon, which successfully automated rubbish sorting. It is able to distinguish metal components from wet and dry garbage and remove them individually. The wet waste is collected and composted with a separation efficiency of more than 85 percent and the remaining dry waste is processed into granulate, from which pressed boards are made. To reduce the production of new greenhouse gas emissions, the recovered material can potentially be utilised in place of other materials.
For ports and other maritime and aquatic settings, RanMarine Technology specialises in the development of industrial autonomous surface vehicles (ASV). WasteShark, the company’s most recent marine drone, is a cutting-edge ASV. It assists in clearing away biomass and plastic debris from the water’s surface. Real-time data on temperature, pH, conductivity, DO.ORP, depth, and turbidity are provided via built-in sensors. It demonstrates versatility and sustainability with a swim duration of ten hours, a range of five kilometres, a cleaning capacity of 500 kilos of filth per day, and a lifespan of 15 years.
Only if private enterprises invest in sustainability will it be able to combat climate change and achieve the SDGs by 2030. Boundary Holding’s growth and financial results demonstrate how advantageous investments in cleantech firms can be. It is now even more crucial to persuade other businesses to follow Boundary Holding’s lead.
Read More:- https://renoarticle.com/?p=17215&preview=true
