Greentech refers to environment-friendly technology that involves the usage of technology in production processes using sustainable forms of energy. It can also refer to clean energy production.
One of the best tools we have at our disposal in the fight for the planet is technology. Green technology, also known as envirotech, are technologies which help people reduce their impact on the environment. From saving electricity to finding alternatives to non-recyclable materials, there is a host of greentech solutions on the market.
Green technology aims at protecting the environment and conservation of natural resources. Clean energy involves the use of alternative fuels and technologies that are less harmful to the environment than fossil fuels. Green technologies are used in the recycling of wastewater, generation of power through solar panels, wind turbines, and such other industries.
Green technology has garnered investor interest in response to fears of climate change and a growing scarcity of natural resources. and some corporations include the use of green energy as one of their goals along with Companies who are set up for the generation of green power, such as wind power or solar power.
Many investors also prefer to invest in green technology companies to contribute to their development and the greentech sector is now worth more than $200 billion in global investment in renewable energy and green processes.