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Governments and investors are pouring billions of dollars into emerging technologies to combat global warming in long-shot bets that entrepreneurship can help lead the way to a climate-friendly world.
The White House says: [1] "The Secretary of Commerce and Secretary of Energy will lead the effort, in close coordination with the President's Science Advisor. The research effort will continue to be coordinated through the National Science and Technology Council in accordance with the Global Change Research Act of 1990."
Renewable energy is one primary example of a technological fix, as it has been designed to combat the issues associated with climate change. A technological fix, technical fix, technological shortcut or (techno-)solutionism is an attempt to use engineering or technology to solve a problem (often created by earlier technological interventions). [1]
Many parameters influence climate change scenarios. Three important parameters are the number of people (and population growth), their economic activity new technologies. Economic and energy models, such as World3 and POLES, quantify the effects of these parameters. Climate change scenarios exist at a national, regional or global scale.
Clean technology includes a broad range of technology related to recycling, renewable energy, information technology, green transportation, electric motors, green chemistry, lighting, grey water, and more. Environmental finance is a method by which new clean technology projects can obtain financing through the generation of carbon credits.
[1] An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective. There are many economic models and frameworks.
These results combat climate change and cut costs. With individual member and company participation, this effort worked toward a 50% reduction in power consumption by computers by 2010, and committed participants aimed to collectively save $5.5 billion in energy costs and 54 million tons of CO 2 emissions a year. [ 3 ]
The United States Climate Change Technology Program or CCTP is a multi-agency planning and coordination entity. Its purpose is to accelerate the development and deployment of technologies that can reduce, avoid, or capture and store greenhouse gas emissions .