A report by the Cleantech Group and the WWF has found that Denmark is leading innovation in clean technology, with other parts of Scandinavia, as well as North America, Germany and Israel, also excelling.
The report, called Coming Clean: The Global Cleantech Innovation Index 2012, ranks 38 countries on 15 criteria, to determine the ideal locations for start-up entrepreneurship in the sector.
Denmark topped the list by some margin, with Israel, Sweden, Finland and the US making up the top five. The UK is tenth in the table.
“The global macro-economic landscape is shifting”, said Richard Youngman, managing director of the Cleantech Group.
“Fostering entrepreneurial start-ups and growth companies with clean technology solutions will be an increasingly important part of countries’ competitiveness on the world stage.”
Four sectors were broken down and examined: general innovation drivers, cleantech-specific innovation drivers, evidence of emerging cleantech innovation, and evidence of commercialised cleantech innovation.
Each of the 38 countries were then given a score for each, with the first two sectors making up the ‘inputs to innovation’ score, and the second two combining to form the ‘outputs to innovation’ score.
Speaking at a webinar run by the Cleantech Group, Samantha Smith, leader of the WWF’s global climate initiative, outlined how it had a target of 80% emissions reduction by 2050.
She added that the world is capable of being powered by 100% renewable energy by the same year, though it would require “radical energy conservation” for this to be achieved.
“This index shows that several countries are on the right track, but clearly much more needs to be done if we are to properly address climate change and achieve a transition towards a global 100% renewable future”, Smith said.
“The overwhelming majority of capital required for making the transition to a low-carbon future will come from a variety of private sources.
“Developing a working recipe for strengthening the flow of public-private finance towards early as well as later stage cleantech is key for countries that want to taste the economic success of cleantech.”
One of the most impressive performers is Israel, a country that was placed second in the table. Meir Ukeles of Israel Cleantech Ventures, said at the webinar that he was not surprised by the result, adding that the scores fitted in with many experts’ predictions from five or so years ago.
The report shows how two of the biggest economies, the US and China, have very different approaches to cleantech. The US seemingly focuses on emerging innovation, whilst China is big on commercialised innovation.
WWF’s Smith added that in China and India, another fast-growing economy, there are big and untapped pools of capital – one of the biggest surprises to emerge from the report.
In the webinar, Richard Youngman stated that there was “far less coherent government support for renewable energy” in the UK, which explains its position in the table. However, this trend is shifting, and with an already impressive entrepreneurial culture in the country, it is expected to improve significantly over the coming years.
Already a leader in renewable energy, Denmark has once again proved the encouraging steps it is taking to push a low-carbon economy.
With more of the same expected, not just from the Danes but elsewhere on the planet, too, the cleantech industry is well and truly on the road to prosperity.
There are many ethical, sustainable and responsible funds that invest in the clean technology industry, and investment from individuals like you can help push the sector onwards.
Ask you financial adviser for more information on how to invest more wisely, or fill in our form and we will point you in the right direction.
Infographics: Ben Willers
How Home Automation Can Help You Go Green
The holidays are an exciting, nostalgic time: the crispness in the air, the crunch of snow under your boot, the display of ornate holiday lighting up your home like a beacon to outer space, and the sound of Santa’s bell at your local Walmart.
Oh, yeah—and your enormous electric bill.
Extra lights and heating can make for some unexpected budgeting problems, and they also cause your home to emit higher levels of CO2 and other pollutants.
So, it’s not just your wallet that’s hurting—the planet is hurting as well.
You can take the usual steps to save energy and be more eco-conscious as you go about your normal winter routine (e.g., keeping cooler temperatures in the home, keeping lights off in naturally lit rooms, etc.), but these methods can often be exhausting and ultimately ineffective.
So what can you actually do to create a greener home?
Turn to tech.
Technology is making waves in conservation efforts. AI and home automation have grown in popularity over the last couple of years, not only because of their cost saving benefits but also because of their ability to improve a home’s overall energy efficiency.
Use the following guide to identify your home’s inefficiencies and find a solution to your energy woes.
Monitor Your Energy Usage
Many people don’t understand how their homes use energy, so they struggle with conservation. Start by looking at your monthly utility bills. They can show you how much energy your home typically uses and what systems cost you the most.
The usual culprits for high costs and energy waste tend to be the water heater and heating and cooling system. Other factors could also impact your home’s efficiency. Your home’s insulation, for example, could be a huge source of wasted heating and cooling—especially if the insulation hasn’t been inspected or replaced in years. You should also check your windows and doors for proper weatherproofing every year.
However, waiting for your monthly bill or checking out your home’s construction issues are time-consuming steps, and they don’t help you immediately understand and tackle the problem. Instead, opt for an easier solution. Some homeowners, for example, use a smart energy monitor such as Sense to track energy use in real time and identify energy hogs.
Use Smart Plugs
Computers, televisions, and lights still consume energy if they’re left on and unused. Computers offer easy cost savings with their built-in timers that allow the devices to use less energy—they typically turn off after a set number of minutes. Televisions sometimes provide the same benefit, although you may have to fiddle with the settings to activate this feature.
A better option—and one that thwarts both the television and the lights—is purchasing smart plugs. The average US home uses more than 900 kilowatts of electricity per month. That can really add up, especially when you realize that people are wasting more than $19 billion every year on household appliances that are always plugged in. Smart plugs like WeMo can help eliminate wasted electricity by letting you control plugged-in items from your smartphone.
Update Your Lighting
Incandescent lightbulbs can consume and waste a lot of energy—35% of CO2 emissions are generated from electric power plants. This can have serious consequences for increased global warming.
To reduce your impact on the environment, you can install more efficient lightbulbs to offset your energy usage. However, many homeowners choose smart lights, like the Philips Hue bulbs, to save money and make their homes more energy efficient.
Smart lights can be controlled from your smartphone, and many smart light options come with monthly energy reporting so you can continue to find ways to reduce your carbon footprint.
Take Control of the Thermostat
Homeowners often leave the thermostat on its default settings, but defaults often result in heating and cooling systems that run longer and harder than they need to.
In fact, almost half the average residential energy use comes from energy-demanding heating and cooling systems. As an alternative to fiddling with outdated systems, eco-conscious homeowners use smart thermostats to save at least 10% on heating and roughly 15% on cooling per year.
Change your home’s story by employing a smart thermostat such as the Nest, ecobee3, or Honeywell Lyric. Smart thermostats automatically adjust your in-home temperature by accounting for a variety of factors, including outdoor humidity and precipitation. A lot of smart thermostats will also adjust your home’s temperature depending on the time of day and whether you’re home.
Stop Wasting Water
The average American household uses about 320 gallons of water per day. About one-third of that goes to maintaining their yards. Using a smart irrigation systems to improve your water usage can save your home up to 8,800 gallons of water per year.
Smart irrigation systems use AI to sync with local weather predictions, which can be really helpful if you have a garden or fruit trees that you use your irrigation system for water. Smart features help keep your garden and landscaping healthy by making sure you never overwater your plants or deprive them of adequate moisture.
If you’re looking to make your home greener, AI-enabled products could make the transition much easier. Has a favorite tool you use that wasn’t mentioned here? Share in the comments below.
Working From Home And How It Reduces Emissions
Many businesses are changing their operating model to allow their employees to work from home. Aside from the personal convenience and business benefits, working from home is also great for the environment. According to GlobalWorkplaceAnalytics.com, if employees with the desire to work from home and compatible jobs that allowed for this were allowed to do so only half the time, the reduction in emissions would be the equivalent of eliminating automobile emissions from the workforce of the entire state of New York. Considering the stakes here, it is vital that we understand how exactly working from home helps us go green and how this can be applied.
Reduction of automobile emissions
Statistics by the United States Environmental Protection Agency (EPA) show that the transportation sector is responsible for about 14% of the total Global Emissions of greenhouse gases, which is a very significant percentage. If employees work from home, then the need to travel to and from their workplace every other day as well as other business trips are reduced considerably. While this may not eliminate the emissions from the transport sector altogether, it reduces the percentage. As indicated in the example above, a move to work from home by more businesses and industries cuts down automobile emissions to as much as those from an entire state.
Reduction of energy production and consumption
According to Eurostat, electricity, gas, steam and air conditioning accounted for as high as 26% of the Greenhouse gas emissions from the EU in 2014. EPA stats are also close at 25% of the total emissions. This makes energy production the single largest source of emissions. Working from home eliminates the need for large office spaces, which in turn reduces the need for electricity and heating. Similarly, the need for electrical office equipment and supplies, such as printers and computers, is also greatly reduced, which reduces the emissions from energy production in offices. Additionally, most households are now adopting green methods of energy production and implementing better ways of energy usage. The use of smart energy-efficient appliances also goes a long way in reducing the energy production and consumption levels from households. This, in turn, cuts down emissions from energy production from both the home and office fronts.
Reduced need for paper
Paper is also a huge source of emissions, considering that it is a carbon-based product. EPA stats show that carbon (IV) oxide from fossil fuel and industrial processes accounts for 65% of the total greenhouse gas emissions. Working from home is usually an internet-based operation, which means less paper and more cloud-based services. When everything is communicated electronically, the need for office paper is reduced considerably. Moreover, the cutting down of trees for the sake of paper production reduces. All these outcomes help reduce the emissions and individual carbon footprints.
While businesses make an effort to recycle it is not as effective as homeowners. Consider everything from the water you drink to office supplies and equipment. While working from home, you have greater control over your environment. This means that you can easily implement proper recycling procedures. However, at the office, that control over your personal space and environment is taken away and the effectiveness of recycling techniques is reduced. Working from home is, therefore, a great way to go green and increase the adoption of proper recycling.
Even though the statistics are in favor of working from home to reduce emissions, note that this is dependent on the reduction of emissions from home. If the households are not green, then the emissions are not reduced in the least. For instance, if instead of installing a VPN in the router to keep the home office safe, an employee buys a standalone server and air gaps it, the energy consumption is not reduced but increased. Therefore, it is necessary that employees working from home go green if there is to be any hope of using this method of operation to cut down on the emissions.