Driving Climate Change Solutions: Emerging Technology Sectors Leading the Way

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What Emerging Climate Tech Sectors Are Ready for Growth? | Greentech Media

https://www.greentechmedia.com/articles/read/what-emerging-climate-tech-sectors-are-ready-for-growth

STEPHEN LACEY AUGUST 03, 2021What Emerging Climate Tech Sectors Are Ready for Growth?

1. Controlled-Environment Agriculture (CEA):

Controlled-environment agriculture involves growing crops indoors, such as in greenhouses, vertical farms, or containers, using artificial lighting, climate control, and hydroponics or aeroponics. This approach offers various advantages, including increased food security, reduced water and fertilizer use, lower transportation costs and emissions, and improved food quality and safety. The CEA sector is growing rapidly and attracting substantial investment, with leading companies like Plenty, Bowery Farming, AeroFarms, and BrightFarms.

2. Green Hydrogen:

Green hydrogen is produced from renewable energy sources through a process called electrolysis, which splits water into hydrogen and oxygen. This clean hydrogen can be used as a fuel for transportation, energy storage, and decarbonizing hard-to-abate sectors like steel and cement production. The green hydrogen market has significant growth potential, with companies such as ITM Power, Nel Hydrogen, Plug Power, and Ballard Power Systems leading the way.

3. Carbon Capture, Utilization, and Storage (CCUS)

CCUS technologies capture carbon dioxide (CO2) emissions from various sources, use them for products like fuels and chemicals, or store them underground. CCUS offers multiple benefits, including emission reduction, negative emissions when combined with carbon storage, and the creation of new economic opportunities. Governments and organizations support CCUS, and it is expected to see substantial growth. Leading companies in this sector include Carbon Engineering, Climeworks, Global Thermostat, and Occidental Petroleum.

In conclusion, these emerging climate technology sectors hold promise for accelerating the energy transition and combating climate change. Additionally, other sectors like smart grids, electric vehicles, energy efficiency, and the circular economy play crucial roles in the transition to cleaner energy. To achieve this transformation, it will be necessary to not only advance technology but also implement supportive policies, create market incentives, gain social acceptance, and encourage cross-sector collaboration. This article highlights the opportunity and responsibility to drive these sectors' progress and impact in the coming years.