Green Tech / Apr 10, 2019
Integrating Green Tech for a Sustainable Future
The Wall Street Green Summit (WSGS) held its 18th annual event on March 18, 2019, at New York. The brainchild of Peter Fusaro brings together industry leaders and practitioners to innovate comprehensive, sustainable finance in the industry. The WSGS aims to revolutionize sustainable finance systems for responsible investing while changing the role of businesses in sustainability. Utilizing ‘Impact Economy’, the WSGS is where main street investors collaborate with entrepreneurs, corporations and government to solve environmental and social problems while generating financial returns.
In its 18th chapter, WSGS discussed the newest developments in green innovation and finance. The speakers were members of the corporate and government sector, including leaders and entrepreneurs. All speakers explored ideas on sustainability megatrends bordering on ESG investments and best practices. Furthermore, the future of cleantech in various industry verticals such as oil and gas, organic waste, energy management, and more were discussed. The corporate leaders brought to attention the way forward in corporate climate change.
In recent years, there has been a trend in utilizing AI, the blockchain, and IoT for green and clean initiatives. Many industry verticals and businesses are venturing on the potential of decentralizing payments and incentives using blockchain. For instance, in Agtech, streamlining the process of crops delivery and resulting payment has greatly increased ROI and overall yield. Produce Pay is an exemplar of Agtech which makes impact investment to benefit farmers and end users. Similarly, in energy management, blockchain and IoT are being coupled together by companies like Evolve Power which are revolutionizing demand response management system (DRMS).
Using the power of data, IoTs can be integrated to measure, analyze, and validate cost-effective repairs within existing ecosystems. IoTs offer remote access with higher accuracy in contrast to manual measurements which are costly and leave a greater carbon footprint. The Summit discussed innovations within the automation and execution with IoT and AI for making green investments. There’s a huge market opportunity for creating a sustainable impact on organic waste, oceans, renewables, and more. We’re no longer relying on legacy utilities, and integration of off-grid renewables will pave way for Smart Cities solutions.
As green initiatives gain more traction, we’ll see more corporations take the lead on an energy-efficient and an impact economy. Corporations and governments will implement Sustainability Development Goals (SDGs) by harnessing renewables and recycling responsibly. Every corporation and government are revisiting its processes and mechanisms to transition towards a no-carbon-hydrogen economy. Business, startups and entrepreneurs are innovating in solar finance to make renewables accessible and cost-effective for average consumers. As the energy industry grows, we’ll witness more renewable energy finance and clean energy storage opportunities. Many governments are incentivizing these initiatives for their nationals. An example is the subsidization of EVs in countries such as China, USA, Canada, India, etc.
In the near future, newer ESG metrics and corporate valuations will encourage big corporations into making sustainable choices. Fintech, Agtech, and Energy Tech is already being disrupted by startups that are focusing on the application of AI, blockchain and IoT within these industries.
This year, Virtual Force was one of the key supporters of Wall Street Green Summit. We showcased our work and efforts in the sphere of CleanTech. Our goal is to revolutionize the existing tech with SDGs. We provide technology solutions in Agtech, Fintech, Energy Tech, Health Tech, and more. Our AI, IoT, and blockchain technologies empower ventures towards a greener, cleaner future. Let us help you move cleantech forward!