Green Technology

Technology is becoming increasingly important. India has taken cautious efforts toward the development of green technology and has committed to implementing appropriate measures to mitigate climate change and reduce carbon footprint and greenhouse gas emissions.

Green technology is a broad word that refers to the application of science and technology to generate environmentally sustainable products and services. It is connected to cleantech, which refers to goods or services that increase operational performance while lowering costs, reduce energy usage and waste, or decrease negative environmental effects.

Green technologies cover a wide range of technologies that assist in reducing human influence on the environment and fostering long-term growth. The fundamental parameters for green technology are social equitability, economic feasibility, and sustainability. India’s current push for renewable energies and green technology, such as solar, wind, and nuclear power, can go a long way in aiding the country’s success story.

Goal of the Green Technology

The goal is to safeguard the environment, heal past environmental damage, and conserve the Earth’s natural resources.

Advantages of Green Technology

• Energy Sector- Power generation is the field where green technology has the potential to make a difference. Green energy, such as solar PV, biogas generation, and wind power, can provide additional job possibilities and be successfully implemented to provide energy solutions to communities in remote places.

• Helps in reducing the input cost- One of the primary objectives of any company is to cut costs on the input side. Green technologies such as green buildings, energy efficiency measures, and green manufacturing, among others, have been identified as energy and resource savers. This not only assists firms in lowering their input costs, but it also allows them to fulfil their social duties.

• Manufacturing sector-Green manufacturing can provide considerable benefits to manufacturing companies. Green technology in the manufacturing field can help reduce waste and pollution by modifying production and consumption habits. This not only decreases a product’s environmental footprint, but it also makes production a more environmentally friendly and cost-effective activity because inputs from the source are decreased by design.

• Trickles Effect- The fact is that all green technologies take into account the demands of both people and the environment, so it’s no surprise that success in one area leads to success in others. In India, for example, people have employed alternative green power production methods to not only meet their personal energy demands, but also to sell their energy to the grid, resulting in a large profit.

• Approach of Green Farming-Green farming methods have been shown to be both healthier for humans and productive for the soil. In contrast to inorganic farming approaches, which resulted in a decline in production after a given amount of time, green farming leads to increased productivity over longer periods of time.

• Helps in creating avenues-Green technology has the potential to create new industries that were previously unimagined, especially at a time when the economy is slowing. Previously, waste management was restricted to garbage dumping. In South Asia alone, waste management is already a $25 billion business. As a result, the environment will be cleaned up, jobs will be created, toxic and greenhouse gas emissions will be reduced, and there will be numerous benefits.

• Benefits in rural sector-Green technology have the potential to have a significant impact on local communities. The provision of bio-gas plants to rural families has the potential to empower communities and boost production. It was seen during the distribution of solar lanterns as part of several programmes, such as the TERI’s Lighting a Billion Lives Campaign. It is obvious that people have benefited from it by not just using but also trading the outputs.

Examples of Green Technology

• LED Lighting-There is a significant increase in efficiency by avoiding incandescent lighting. Traditional incandescent light bulbs use more energy than LED light bulbs. LED lights are used outside of pure visual assistance. Moreover, they are used in vertical farming and even in the fight against malaria.

• Wind Energy- Wind energy harvesting is an excellent example of green technology in action. Wind energy is frequently connected with a wind farm. Small-scale windmills, on the other hand, are a great way to incorporate green technology into a home.

• Solar Panels-Solar panels have become a viable option due to decreased pricing and monetary incentives such as tax credits in many locations. Even a single solar water heater saves a lot of energy. As solar energy is extremely efficient, any losses can be recouped very quickly.

• Programmable thermostats-A low-cost green technology solution is a programmed thermostat. With a programmable thermostat, you can set a schedule and have the temperature automatically adjust to your comings and goings, consequently saving both energy and money. The ability to monitor and modify temperature remotely is an additional benefit of a smart thermostat.

• Vertical Farming-It is the process of growing vegetables vertically rather than horizontally in stacked layers. Increased sustainability is one of the advantages of vertical farming. Some vertical farming setups don’t even require soil, and they save a lot of water.

• Green Architecture-It allows buildings to be built in such a manner that they take use of available natural light while also providing enough insulation to reduce energy usage. Such construction methods will save energy in lighting and remove the need for heating by limiting the quantity of heat lost to the outside.

Conclusion

Huge capital expenditure is required to attain the ambitious targets set by India on the international stage by applying green technologies. However, there   is a problem regarding storage of renewable energy sources. Recently, the Power Ministry has released a comprehensive framework for promoting and developing energy storage facilities. This problem can be solved by successful public-private cooperation.

Hence, experts recommend policy certainty and preparation to give investors a safe place, with equal emphasis on solar, wind, and hydrogen energy sources. As a result, an integrated approach to increasing business and possibilities while maintaining a sustainable environment would be developed.