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Funding For Cleaner Technologies.: Done By: Sanskar and Rushil
Funding For Cleaner Technologies.: Done By: Sanskar and Rushil
CLEANER
TECHNOLOGIES.
Done by :
Sanskar and Rushil
Clean technology (clean tech) is a general
term used to describe products, processes or
NEED FOR
services that reduce waste and require as CLEANER
few non-renewable resources as possible.
Examples: wind power, solar energy, biofuels,
TECHNOLO
geothermal energy, nuclear energy, energy GIES
storage, fuel efficiency, etc.. • What are clean
Many of these technologies are readily technologies?
available to reduce carbon emissions. • How do they effect the
environment?
They also help in efficiently using fossil fuels.
• Why do we need
They also use low-or-no emission power cleaner technologies?
generating methods.
• How do they affect the
Even though this technology cannot bring global scenario?
down carbon emissions to the acceptable • Are they useful in the
levels it still helps in controlling global current situation?
warming on a small scale.
Within governments, the priority attached to
innovation in energy R&D is falling steadily FUNDING FOR
over the years.
CLEANER
Private sector spending on energy R&D is
growing rapidly over the years. TECHNOLOGI
Developed countries have been playing a ES
leading role in the development of climate- • Is it important for
smart technology, as they possess far more private firms and
greater resources than other developing governments to be
countries. involved in activities
leading to innovation
Most of these investments were concentrated and development of
in 3 countries: China, Brazil and India. low emissions
technologies and
Funding for cleaner technologies has environmentally
opportunity costs. friendly sources of
energy?
Governments should take the effort to
promote private sector funding and
participation to increase technological
innovations in this area.
FUNDING FOR CLEANER
TECHNOLOGIES
Government funding for Private funding for
energy R&D energy R&D
Fell from over 20% in Estimated at $40 billion
1980 to less than 4% in to $60 billion a year.
2007. Spending on energy R&D
Spending on energy R&D is not a priority here as it
is a priority here. represents a mere 0.5%
of the revenue, when
compared to other
industries like
electronics(8%) and
pharmaceuticals(15%).
ELIMINATING
Subsidies encourage the production and consumption ENVIRONMENT
of subsidised goods.
When environmentally damaging production activities
ALLY HARMFUL
are subsidised, they result in greater production SUBSIDIES
which leads to greater environmental damage.
• How do subsidies
Examples: industrial forestry encourage commercial affect the
logging, resulting in destruction of forests causing environment?
loss of natural habitat to the wildlife living there.
• Why do we need to
Consumption subsidies are commonly imposed on eliminate
fossil fuel energy, agricultural inputs and water. environmentally
Both consumption and production subsidies are a harmful subsidies?
result of ‘policy failure’ involving the pursuit of a
policy for one purpose that creates problems in
another area (here environmental destruction).
Subsidies should always be studied for environmental
impacts and should be eliminated accordingly.
Subsidies are often granted to promote the
industrial sector by keeping costs down, to ELIMINATING
promote international competitiveness of
industrial products (by making them less ENVIRONMENT
expensive in international markets through ALLY HARMFUL
lower costs of production).
SUBSIDIES
To support domestic fuel production to
• What are subsidies in
ensure adequate domestic supply and to the case of fossil fuels?
reduce reliance on foreign energy sources
(for countries that are fossil fuel producers).
• How do the
governments around
To keep fuel prices down for consumers. the world massively
underfund the
The effect of subsidies on fossil fuels are technological
entirely inconsistent with the pursuit of innovation in the area
sustainable development. of energy?