The world is taking steps towards a more sustainable future as concern about climate change continues to grow. One clear indication of this is the significant increase in investment in low-carbon technology, which has reached an all-time high.
According to Bloomberg NEF, global low-carbon energy technology investment surpassed $1 trillion for the first time in 2020.
This marks a 7% increase compared to the previous year and highlights the growing demand for clean energy solutions.
Investors are recognizing the potential for low-carbon technologies to not only benefit the environment but also generate greater economic opportunities. Renewable energy sources such as wind, solar, and hydropower are becoming increasingly competitive with traditional, fossil fuel-based power sources.
Additionally, declining costs of low-carbon technology and supportive government policies have made investment in these technologies more accessible and appealing for businesses of all sizes.
The increase in investment has inevitably enabled advancements in technology and innovation. For instance, battery storage technology is becoming more advanced, allowing for the storage of renewable energy for later use and improving the reliability of clean energy sources.
The growth of the electric vehicle market is also driving the development of charging infrastructure and other low-carbon technologies.
So, it’s all good news, right?
Well, not quite. Despite this recent growth in investment, most of the world's energy still comes from fossil fuels.
It is crucial that we continue to support and invest in low-carbon technologies to ensure a sustainable future for ourselves, but importantly for the generations that follow.
We have ten years to halve our global greenhouse emissions. It’s arguably the greatest innovation challenge that the humankind has ever faced.
The ongoing investment in climate tech proves that individuals and businesses around the world are taking the challenge seriously, but we still have a long way to go in transitioning to a fully low-carbon economy.
Why are we talking about it?
Well, at Invisible Systems, we understand the importance of low carbon tech and its place in the race to net zero. So much so that we’re constantly innovating to enable our clients to reach their own net zero targets.
We offer the I-System, sensor and software based solution, designed to fit the needs of your company and its operations in working towards a more sustainable future.
Whether you simply want to track energy usage within your office, or you’re consider scope one, two and three emissions across a multi-site organisation, your I-System is built to tackle your challenges and achieve your goals.
On your way to carbon neutrality? Would you like to be a little further down the line?
Book a demo with us today and see how I-System can benefit your organisation!