key term - Clean Technology

Definition

Clean technology, also known as cleantech, refers to the development and application of products, services, and processes that aim to reduce or eliminate negative environmental impacts. It encompasses a wide range of technologies and innovations that contribute to the transition towards a more sustainable and environmentally-friendly economy.

5 Must Know Facts For Your Next Test

1. Clean technology can help address the trade-off between economic output and environmental protection by providing more sustainable and eco-friendly alternatives to traditional technologies and practices.
2. Investments in clean technology can lead to the development of innovative products and services that can enhance productivity, reduce resource consumption, and minimize environmental degradation.
3. The adoption of clean technology can create new job opportunities in emerging green industries, contributing to economic growth while also promoting environmental sustainability.
4. Governments often provide incentives, such as tax credits or subsidies, to encourage the development and adoption of clean technology, as it can help achieve environmental policy goals.
5. The transition to a clean technology-based economy can be hindered by the high upfront costs and perceived risks associated with new technologies, as well as the entrenched interests of traditional industries.

Review Questions

• Explain how clean technology can help address the trade-off between economic output and environmental protection.
  • Clean technology can help address the trade-off between economic output and environmental protection by providing more sustainable and eco-friendly alternatives to traditional technologies and practices. Investments in clean technology can lead to the development of innovative products and services that can enhance productivity, reduce resource consumption, and minimize environmental degradation. This can allow for continued economic growth while also promoting environmental sustainability, potentially reducing the negative impacts associated with traditional industrial activities.
• Describe the role of government incentives in the development and adoption of clean technology.
  • Governments often provide incentives, such as tax credits or subsidies, to encourage the development and adoption of clean technology. This is because the transition to a clean technology-based economy can be hindered by the high upfront costs and perceived risks associated with new technologies, as well as the entrenched interests of traditional industries. By offering these incentives, governments can help create a more favorable environment for clean technology to thrive, which can ultimately contribute to achieving environmental policy goals and promoting a more sustainable economic model.
• Analyze the potential economic and environmental benefits of a widespread transition to a clean technology-based economy.
  • A widespread transition to a clean technology-based economy can bring about significant economic and environmental benefits. On the economic side, the development and adoption of clean technology can create new job opportunities in emerging green industries, contributing to economic growth. Additionally, the increased efficiency and reduced resource consumption associated with clean technology can enhance productivity and reduce operational costs for businesses. From an environmental perspective, the use of clean technology can help mitigate the negative impacts of industrial activities, such as reducing greenhouse gas emissions, minimizing waste, and preserving natural resources. This can lead to improved air and water quality, biodiversity conservation, and a more sustainable use of the Earth's resources, ultimately benefiting both the environment and human well-being.

Related terms

Renewable Energy: Energy generated from natural resources that are replenished at a rate faster than they are consumed, such as solar, wind, hydroelectric, and geothermal power.

Energy Efficiency: The practice of using less energy to perform the same task or achieve the same result, often through the use of more efficient technologies or processes.

Circular Economy:

An economic model that aims to eliminate waste and the continual use of resources by reusing, repairing, refurbishing, and recycling existing materials and products.