Why Green Tech Has a Bright Future in Business and Manufacturing

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Why Green Tech Has a Bright Future in Business and Manufacturing | FutureBusiness

“Green” tech refers to innovation that focuses on eliminating negative effects on the environment and the consumer through alternative production processes, products and services. It may also be defined as its use of technology to conduct business or manufacturing through environment-friendly methods, thereby reducing the negative impacts of climate change and limiting negative human activity’s effects on the environment. 

At a time when there is a global drive to save the environment, growing concern about the effect of waste on climate change and the wastage of natural resources, the idea of green tech continues to gain momentum and approval in all spheres of business, manufacturing and customer satisfaction.

Venture capitalist John Doerr once said: “Green technologies – going green – is bigger than the Internet. It could be the biggest economic opportunity of the 21st century.”

Sustainable innovation in green tech can mean that a business or manufacturer may need to change its choice of raw materials, or recycle products to reduce the depletion of natural resources, or may take into consideration things like the elimination of health hazards, or use of cheaper alternatives and increase profitability as a result.

Vertical farming, for instance, helps produce crops without having to waste water and use vast tracts of land. Other well-known green tech examples include the introduction of electric vehicles and solar energy panels.

“…We are always on the lookout for the technologies that promise to form the building blocks of a new, more sustainable energy future. But we also understand that this future will not be possible without many different parties coming together as the mortar and cement to bind the blocks together,” says Jan Lozek, Managing Partner at Future Energy Ventures.

Successes

Lettuce Grow’s hydroponic farm, The Farmstand. https://www.lettucegrow.com/the-farmstand/ Based in Los Angeles but supplying product to customers all over the world, Lettuce Grow’s Farmstand allows growers to produce a wide range of crops inside their own yard so long as there is a source of power, direct sunlight and a little water. Farmstand requires very little space to grow enough to keep a household going, with only a few minutes of labour every week. No soil, no labour and no large amounts of water are required. If these hydroponic farming designs gain mainstream adoption, there will be millions of gallons of water and millions of acres of farming land saved.

Inspire: https://www.inspirecleanenergy.com/ With a global drive to reduce fossil fuel dependency, Inspire has been a frontrunner in introducing renewable energy solutions as an electric power alternative.

Tekn Trash: https://www.tekntrash.ai/ Is a London-based company that designed a data collection system for companies, so that they can encourage their customers to dispose of trash and products that are due for disposal responsibly and be rewarded for doing so.

Beyond Meat: https://www.beyondmeat.com/en-US/ This company aims to replace meat-placed products with a close alternative – plant-based “meat” products. Their products offer a much healthier alternative to meat lovers while curbing the waste of resources that is animals and the resources required to rear these animals for consumption.

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Why Green Tech Has a Bright Future

Due to growing concerns about climate change and the depletion of resources, green technology and those who focus on green technology investment will continue to see growing adoption fuelled by public awareness and growing acceptance.

Green tech processing methods and products often offer cheaper alternatives to regular processes and products that require traditional natural resources.

Many governments and organisations are helping shift towards sustainable green tech manufacturing methods. As some natural resources continue to become scarcer and more costly as a result, the result will be wider adoption of green tech options.

Green Tech Goals

The primary green tech goal is saving the environment and preserving natural resource,s and saving the planet from such dangers as climate change or global warming as a result.

Green tech has often been found to be a cheaper and easier alternative to meeting product and service needs, thereby creating more profitability for companies and organisations.

Green tech products, services and processes aim at offering a healthier alternative by eliminating health hazards and the negative effects of such things as meat products, fatty foods, pollution in the transportation system, and so on.

Conclusion

While adoption could be faster, there is growing hope and increased momentum towards a greener world based on new technologies. Future Energy Ventures predict that by 2050 most innovations and manufacturing processes will be green tech-friendly. So while the present may look rather bleak for the environment and the planet, if adoption accelerates then the future will be green – bright green.

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