Clean fuel and energy can be a catalyst for a decarbonised industrial economy when there’s a race among various fuels and technologies
It’s an exciting time for cleantech, as the question today is not whether we need to leverage technology solutions to improve environmental sustainability but rather how we can accelerate their adoption. According to Accenture, 94 per cent of the top CEOs see sustainability as a very important part of the future success of their business.
Investors and tech giants are realising the immense potential of cleantech technologies; innovative solutions and business models are now being scaled across sectors, from transport and agriculture to energy and manufacturing.
As Middle Eastern economies diversify away from oil, governments in the region and investors are ramping up investments into renewable energy and cleantech projects, despite slowing economies. The need for cleantech in the region, home to over 400 million people, is vast and bursts with opportunities. As a result, this part of the world could emerge as a pioneer of new clean technology.
Clean fuel and energy can be a catalyst for a decarbonised industrial economy when there’s a race among various fuels and technologies. Over the years, encouraging market successes in solar and wind have led mainstream investors to allocate funds in the alternative and renewable energy sectors and adopt cleantech as their preferred assets.
Big data analytics also plays a crucial role in reducing energy consumption and improving energy efficiency in the energy sector. The big data and analytics market in the energy sector is expected to grow at a CAGR of 11.28 per cent from 2021 to 2026.
