CleanTech

• [New] The McKinsey study argued that if new technologies were adopted and new production processes focused on sustainability, the European economy could add Euro 1.8 trillion by 2030.
• [New] Electric motors consume a staggering 45% of global electricity consumption, and solar PV could in principle provide all global electricity (whether located on the ground or in space).
• [New] Through the use of technology, Q-Bot and Airlok are dedicated to improve the energy efficiency of existing UK homes, contributing to achieve net zero carbon by 2030 and helping households who are in their time of need to simply be warmer and more comfortable at home.
• [New] Spending $15 billion in demonstration projects that will be key for tackling climate, like utility-scale energy storage, carbon capture and storage, hydrogen, advanced nuclear, rare earth element separations and floating offshore wind.
• [New] Increasingly technology can generate fundamentally new business models and growth opportunities by enabling and empowering more regions of the world to become sustainable and autonomous economic centers of growth.
• [New] Leveraging American innovation in carbon capture and removal will be an important element of the economic recovery while reducing emissions.
• [New] Electric vehicles (EV) are forecast to account for 56% of all passenger vehicle sales, and over 30% of the global passenger vehicle fleet, by 2040, while renewable energy is expected to be the fastest-growing energy source in the next 20 years.
• [New] If India were able to deploy carbon capture and storage, which involves trapping emissions from polluting industries and burying them underground, it would only marginally ease the deployment of clean technologies needed by 2050.
• A new RBC report argues Canada needs to beef up its export capabilities, with key opportunities in clean technology such as electric vehicles, as the U.S. launches its climate-focused platform under president Joe Biden.
• Investment into net-zero technologies such as floating offshore wind and clean hydrogen could capture up to £125bn in annual benefits from the North Sea energy sector.
• Ericsson supports the historic climate change agreement and believes efficiency-improving 4 IR technologies like the IoT and AI will help to reduce global emissions by up to 15% by 2030.
• A new study released by the International Council on Clean Transportation has found that achieving emissions reductions through electrification in heating in European homes will be far cheaper and cost-effective than using hydrogen-only technologies.
• Economic recovery in the G20 economies will bolster their over 80% global predominance in economic, medical and ecological capabilities, starting with vaccines, green technology and clean energy.
• The Clean Fuel Standard will contribute to reducing Canada's greenhouse gas emissions through the increased use of lower-carbon fuels, energy sources, and technologies.
• Alberta's government will provide CAD 10 million from the industry-funded Technology Innovation and Emissions Reduction fund through Emissions Reduction Alberta to build a CAD45 million clean energy and organic fertilizer facility in Lacombe.
• The funding, being delivered by Alberta Innovates, will be given to technologies that help reduce methane emissions and improve industrial energy efficiency.
• Fridges will be made as efficient as possible through the use of innovative technology and increasing the use of natural refrigerants - as well as increasing the percentage of its fleet using alternative zero and low carbon fuels to 20% by 2025.
• If most of the world's population is at least at global middle-class levels of $15,000 per person and have a technological and education foundation, then everyone will be able to adopt the newest technologies and leapfrog in their development.
• The digital transition and a smarter and greener use of technologies will help make Europe the first climate-neutral continent by 2050, a key goal of the European Green Deal.

Last updated: 11 April 2021