It was during the mid-18th century that a new chapter in world history began. The discovery of fossil fuels such as coal, oil and natural gas ushered in great innovations, mechanising manufacturing processes and opening up new business opportunities as factories sprung up across Great Britain. Almost three centuries on and several environmental crises later, the rise of a new fuel (so to say)—climate technologies—is expected to make the world go round, powering its electric vehicles, green homes and decarbonised industries as governments race to actualise their global climate commitments. Once again, a new business opportunity is on the horizon. What and how big is it?
THE WHAT AND WHY OF CLIMATE TECH
A plethora of seemingly synonymous terms exists today to describe business ventures built with a focus on environmental sustainability: greentech, cleantech, low carbon-tech, climatetech, and so on go the categorisations.
Tracing the etymology of these nomenclatures reframes the humanitarian cause of sustainability in terms of the concerns of commerce and industry: According to a blog by Neal Dikeman, a partner at environmental technology-focussed merchant bank Jane Capital Partners, the word ‘cleantech’ originally meant cleaning supplies equipment. From 2002 onwards, the term came to refer to a popular investment asset class and technology category as venture capital investors’ interest gravitated to the new tech fad of green and clean technologies such as renewable energy and biofuels following the collapse of the dot-com bubble in the previous year. By 2005, ‘greentech’ was also being applied as an alternative for cleantech.
Bu hikaye Entrepreneur magazine dergisinin April 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Entrepreneur magazine dergisinin April 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
ROAD TO REGULATIONS
While ensuring safe and legal usage of Al, Indian parliamentarians call for a breathing space for startups to grow in
What It Takes To Run A Family Business
Assimilation involves role clarity, accountability trackers, quarterly dialogues, industry leader mentorship and external work experience
I Know Why Your Customer Service SUCKS
That's because I left my high-paying executive job, worked five low-wage frontline jobs, and experienced the problem firsthand. Here's what I learned about fixing it.
The Hire That Changed Everything
What roles do you need to fill at your company? It's sometimes hard to know. Here, six leaders share the hire they didn't realize they needed (and are so glad they made).
An Empowering Coin
The rise in female retail cryptocurrency investors and why the ecosystem needs more of them
Plans To Expand Presence Its India
To cater to its new segment, MediaTek is increasing its engineering presence and R&D development in India, says Anku Jain, MD, MediaTek India.
India Needs Homegrown Product Companies In Semiconductor
CADENCE DESIGN'S INDIA MD
GROWING WATER SCARCITY IN INDIA REPRESENTS AN OPPORTUNITY FOR NEW AGE START-UPS
The way in which India manages its scarce water resources accounts for much of its water woes.
Google's Shocking Surge in Carbon Emissions Sparks Industry-wide Sustainability Reassessment
According to International Energy Agency, (IEA), Global energy-related CO2 emissions grew by 0.9 per cent or 321 Mt in 2022, reaching a new high of over 36.8 Gt.
EV Industry Lauds UP Govt's Decision On Strong hybrid Vehicles
This comes after the Uttar Pradesh government had announced a threeyear exemption from tax and registration fees for the purchase of EVs which will be valid for five years for EVS manufactured within the state, last year.