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Environmental Business Review | Tuesday, July 18, 2023
Climate technologies aspire to improve our ability to lessen and adapt to the impacts of climate change.
Fremont, CA: Through the Industrial Revolution, technological advancements powered by fossil fuels have increased heat-trapping Greenhouse gases (GHG) in the atmosphere. These grown levels of GHG in the atmosphere drive alters in our climate, bringing intense heat, droughts, sea-level rise, and erratic weather events with possibly disastrous effects on humanity.
Climate technologies aspire to improve our ability to lessen and adapt to the impacts of climate change. For illustration, renewable energy and carbon capture/storage technologies lessen CO2 in our atmosphere. Simultaneously, technologies like sea wall defenses and betters weather warning systems make living with the impacts of climate variation more manageable.
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Some climate technologies, such as wind power and stilted buildings in flood sectors, have been around for years. But, other forms like artificial intelligence, satellite imagery, or data science are more modern progression.
Innovate to Net Zero
Research indicates that 60% of the emissions deduction required by 2050 will come from current mature technology. Yet, for the rest of those emissions, we will have to count on technologies still in their babyhood or yet to be detected.
Innovations in how we apply new technologies like AI, machine learning, and blockchain are converting climate transition into not just an environmental issue but a data issue. These innovations provide us with tools such as climate management and accounting platforms for businesses to correctly measure their carbon footprint and progress existing technologies' capabilities in renewables and climatology.
These modern climate technologies, along with more conventional ones like wind and solar power, give solutions to prevent the worst effects of climate variation on the way to net zero.
A Modern Taxonomic Language
The rise in climate technologies has induced several taxonomic reference leads to be issued, all of which allow organizing this nascent field and define what is and is not a climate technology. Taxonomies are necessary as investors and stakeholders must distinguish climate tech from cleantech and other technology classes as climate tech develops.
Investing in Humanity's Future
Business and investment leaders are starting to learn the financial implications of climate variation and are watching a shift in customer demand for impact-driven sustainable technologies and companies.
A growth in impact investing from investors has contested the long-held views that social and environmental problems should be considered just through philanthropic deeds and that investment should only be judged on financial yields.
Nurture and Nature
Nurturing the advancements of climate technologies via investment, research, and regulations will support us in reducing and adapting to the climate emergency. Yet, it should be considered that the belief that future technological progress will save us could be counterproductive, allowing the retard of action and weakening other required changes.
Climate technology may obtain us over the line in the long term, but time is brief, and we require solutions now. We must exploit the climate solutions innate to nature by recovering natural carbon sinks and lowering deforestation. We must also employ regulatory standards like carbon pricing, which might keep fossil fuels underground.
The significance of climate technologies in gauging, managing, and lessening carbon dioxide levels in our atmosphere can not be unpretentious. With continued innovation & investment, climate technologies will play a crucial role in fighting climate change.
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