Green technology, also known as clean technology or environmental technology, is the use of science and innovation to develop environmentally friendly and resource-efficient goods, processes, and services. Green technology strives to lessen the negative environmental repercussions of human activities and to alleviate the effects of climate change.
Green technology may help achieve sustainability and reduce carbon footprints in a variety of sectors and businesses. The quantity of emissions generated by human activity is defined as the carbon footprint, which can be divided into three scopes: direct emissions from owned or controlled sources, indirect emissions from the generation of purchased energy, and all indirect emissions that occur in the reporting company's value chain, including both upstream and downstream emissions.
Cloud sustainability, carbon footprint monitoring, and sophisticated grid management software are three new environmental sustainability technologies that Gartner predicts will receive early widespread usage by 2025. These technologies may assist firms in meeting their sustainability objectives by enhancing operating efficiency, switching to cleaner alternatives, recycling resources, and promoting transparency and accountability.
Cloud Sustainability: The use of cloud services to produce long-term advantages in economic, environmental, and social systems is known as cloud sustainability. It comprises of a cloud service provider's long-term operation and supply of cloud services, as well as long-term consumption and usage of cloud services.
With its capacity to centralize IT operations and operate at scale utilizing a shared service model, public cloud services have significant promise for long-term sustainability. Public cloud companies also have a unique opportunity to engage in sustainability skills, such as physically locating cloud data centers near renewable energy sources.
Cloud providers will face increased pressure over the next three years to have a transparent climate policy and a defined roadmap. According to Gartner, by 2025, the carbon footprint of hyperscale cloud services would be a top three consideration in cloud purchasing choices.
Carbon Footprint Measurement: The practice of identifying and reporting the emissions connected with a certain technological product or service across all three scopes is known as carbon footprint measurement. Carbon footprint measuring systems may assist firms in identifying their emission sources, tracking their progress over time, benchmarking their performance against peers or standards, and disclosing their findings to stakeholders.
Carbon footprint measuring tools may also help companies establish carbon pricing mechanisms like carbon taxes or cap-and-trade systems, which can generate incentives for lowering emissions and investing in green technology research.
Emissions are the most difficult to quantify, yet in certain businesses, they may account for more than 95% of total emissions. Gartner anticipates that carbon footprint assessment solutions will gain widespread adoption as firms widen their emphasis to include all three categories of emissions and boost reporting transparency.
Advanced Grid Management Software: Advanced grid management software is a collection of software tools that allow the integration of distributed energy resources (DERs) into the electrical grid, such as solar panels, wind turbines, batteries, electric cars, and smart appliances. By balancing supply and demand, improving reliability and resilience, and allowing market involvement, advanced grid management software may assist optimize grid operation.
Advanced grid management software may also help accelerate the transition to a low-carbon economy by increasing the penetration of renewable energy sources, decreasing reliance on fossil fuels, and allowing customers to engage in demand response programs.
According to Gartner, as more nations embrace net-zero emission objectives and strategies to decarbonize their power sectors, smart grid management software will become more vital.
Conclusion
Green technology innovation is a crucial engine for increasing sustainability and lowering carbon footprints in a variety of sectors and businesses. Organizations can gain competitive advantages in terms of cost savings, customer satisfaction, reputation enhancement, and regulatory compliance by implementing green technology solutions such as cloud sustainability, carbon footprint measurement, and advanced grid management software.
Green technology innovation is both a duty and a chance to provide value to both enterprises and society. According to McKinsey, "the transition to a net-zero future will be as disruptive as the industrial or digital revolutions, necessitating new technologies, business models, strategies, and processes."
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