Governments, investors and business leaders need to adopt practical solutions that can be deployed across the world at scale. The arrival of 5G along with wider adoption of AI technology into the physical world will make it possible to substantially enhance the opportunities to scale cleaner energy generation technologies, enable efficiency gains in manufacturing, our homes, retail stores, offices and transportation that will enable substantial reductions in pollution. Policies that incentivise the accelerated development and deployment of Industry 4.0 solutions will require politicians and regulators to better understand the opportunities that 5G alongside AI will enable. The OECD published a paper "What works in Innovation Policy" and observed that "Policies ignoring or resisting the industrial transition have proven to be not just futile but result in an innovative disadvantage and weak economic performance." Entering the new year will allow us to develop and deploy solutions for the 2020s that make use of the next industrial revolution with 5G and AI to enable dramatic efficiency gains across all sectors of the economy and to enhance renewable energy generation. The emergence of India, China and others as industrial economic powers is occurring at a time when we now know the damage that such pollution causes and hence there is a need to work together, collaboratively to solve a global problem. Embracing technological change and enhancing its capabilities to deliver better living standards alongside sustainable development is the best option for those who really want to make an impact on climate change at scale in the 2020s and beyond. I wish to thank Henry Derwent, former advisor to Prime Minister Margaret Thatcher and former CEO of IETA for his efforts to promote technological innovation and scaled up financing with Green Bonds.
Mar-18-2021, 09:25:14 GMT