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With the emergence of ocean day, u201cGreen Technologyu201d is an abbreviation of Green Tech.
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Green Tech – Ocean Day is a celebration of our ecosystem, where we see the future of the planet and its residents. This 8th June, we acknowledge the future of our blue oceans with green technology that is healthier for all of us. So, what healthier options are we talking about with the help of technology? With the emergence of ocean day, “Green Technology” is an abbreviation of Green Tech. It refers to a type of technology that is environmentally friendly in its production process or supply chain. It is also referred to as clean energy production with the use of alternative fuels and technologies that significantly harm less than fossil fuels.
In-depth about Green Tech Green technology is an umbrella term that describes the use of technology and science to create products and services that are environmentally friendly. It is related to cleantech, which specifically depicts the products or services that improve operational performance, reducing costs, energy consumption, waste, or negative effects on the environment. The Ultimatum of Green Tech The ideal goal of green tech is to entirely protect the environment, repair damage done in the past, and subjectively conserve Earth’s natural resources. It has also become a burgeoning industry that attracted enormous amounts of investment capital. These goals are outlined in the company’s environmental sustainability and governance statement (ESG).
Some kinds of green energy follow: Wind Energy: Considered the most renewable form of energy, wind energy is suited to high altitudes and undeveloped plains. It uses the power of wind-pushing turbines to collect energy. Solar Energy: The most common form of green energy, harnessed using photovoltaic cells to capture sunlight and turn it into electricity. It can also be stored in places such as an EV battery to be used at other times. Hydroelectric Energy: It is a common practice to produce energy with the power of streams, rivers, and ocean tides. Geothermal Energy: It is any kind of energy trapped under the earth, like a natural hot spring that is accustomed to geothermal power. We can use these springs for bathing as well as a heat source. According to experts, there is enough heat located just under the US to produce ten times as much energy as coal.
Adoption of Green Tech Green tech is another frontier for green tech adoption, with fossil fuels recognized as a significant driver for climate change. According to Energy Information Administration (EIA), solar and wind power together accounted for 70% of the new energy capacity added in 2021. Worldwide global investment in renewable sources exceeded $300 billion in 2020. Green tech is a broad and hard-to-define category, and some types of green technology have experienced wide adoption. Many countries have launched initiatives to eliminate single-use plastics. It is a goal that would require sizeable investments in alternatives like paper substitutes, bioplastics, and recycling technologies; for example, Singapore has pledged to reach 70% recycling by 2030.
How the Future World will Look Like The world is going electric, and the simple act of driving with an internal combustion engine is getting more expensive. Gas prices are at the highest point in history, and people are looking for a permanent option. This may be the move for auto manufacturers to introduce their EVs into the market. Governments around the world are authorizing an end to petroleum-based vehicles, and the sprint toward the electric future is on. Now can be a great time to take control of EVs. While there are questions about the ethics of how the batteries are mined, the environmental impact is still far less than it is for oil and gas.
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