What is Clean Technology?

Writer: Dr. Neem

Published: Jun 06, 2021

Clean technology is also referred to as cleantech, green technology, and greentech. It defines a set of technologies that either reduce or optimize the use of natural resources, whilst simultaneously reducing the negative effect that technology has on the planet and its ecosystems. Examples of such technologies are relatively new sustainable energy sources, such as wind and wave power, or improved conventional energy production processes, such as smart electric grids. All clean technology solutions seek to positively impact anthropogenic climate change. It is also important for clean technology solutions to be economically viable and have the potential to become profitable enterprises to attract investment and further development. Additionally, the technology which is currently considered to be unprofitable due to the relatively low price of oil may well become more viable in the future as oil prices become increasingly unstable. Clean technology solutions are therefore considered profitable against a wider variety of criteria compared to other types of technology investment. Market, as well as climate forecasts, are brought to bear on clean technology investment, and the ultimate cost to life on earth of doing nothing can outweigh risks and outlays for some investors and funding agencies.