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May 2023
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Need For Sustainable Technology2/3/2022 It wouldn't be wrong to say that technology rescued humanity during the pandemic, without its presence, the damage caused by the virus would have been far worse. Technology has had a resounding impact in every sphere of life, now it is inconceivable to maintain a business or have social contact with other people without its existence. Hence, it can be easily comprehended that the role of technology in the life of every individual is paramount.
Nevertheless, an unprecedented demand for a new kind of technology can be seen all over the world. People are increasingly insisting on the use of sustainable or green technology. The biggest reason behind this is the escalating environmental awareness among organizations and individuals. Alongside this, every industry has been trying to address sustainability in light of one of the most pressing issues of recent times - climate change. The market size of global green technology was valued at $10.32 billion in 2020, which is expected to reach $76.64 billion by 2030. This is a huge sigh of relief, especially since sustainable living and development pose a significant challenge as people across the globe are exposed to environmental risks such as pollution, deforestation, ozone layer depletion, poor air, and water quality, etc. Research has estimated that CO2 emissions from the United States alone will reach 4,807 million metric tons by 2050. Therefore, it is apparent that a solution is needed, and this has led to the surge in demand and utilization of sustainable technology. This form of technology includes eco-friendly solutions, and its objective is economic as well as social sustainability. Its goal is to drastically reduce environmental and ecological risks and produce a sustainable product. A substitution is visible in the production of sustainable technology. For instance, biodegradable materials are being used in building such products instead of non-biodegradable materials. Furthermore, non-renewable resources are being replaced with renewable resources. Sustainable and green technologies are great at preventing deterioration, contamination, and other negative impacts on the environment with its use or production. Apart from this, it is also highly efficient in its use of energy and resources. Many people will be surprised to learn that such technology has already made its way into the public sphere, and millions of people all over the planet are making use of this kind of appliance. Some of the most popular examples include electrical transport, LED light technology, solar power, etc. Green technology is great for businesses and governments because it aims to minimize negative environmental and social impacts. From a companies point of view, this is excellent for its bottom line as well as its reputation. It helps business owners to make the best use of available resources and stay compliant with environmental and social standards. Studies have shown that 48% of businesses today make use of sustainability to improve their production. In addition, long-term investors are more likely to work with organizations that comply with the latest environmental rules and regulations. Conclusion The future of sustainable technology is bright and full of opportunities, it is only a matter of time before search technologies become the new normal.
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