Samsung unveiled a new tool designed to help people manage the energy they use, debuting SmartThings Energy on Thursday. The service gives customers a more in-depth look at their Samsung appliances and HVAC systems while also offering a chance to monitor their energy consumption and set targets for usage. Samsung said the tool would improve the "household energy IQ" of some customers and would help "reduce monthly energy bills and contribute to a lower carbon footprint." SmartThings Energy users will be able to get a granular view of a specific device's energy consumption and cost on top of aggregated electricity usage data and monthly comparisons. The service will offer tips to reduce energy bills, notifications for when too much energy is being used and alerts "when a device is left on while users are away from the home."
Green Tech has been around for the past twenty years but has only gained traction recently due to the rising concerns about global warming. The green tech and sustainability market was valued at $11.2 billion in 2020, and it is expected to reach $36.6 billion by 2025. Strictly speaking, green technology or „Green Tech" is a „technology whose use is intended to mitigate or reverse the effects of human activity on the environment" explains the Oxford English Dictionary. For the Greentech alliance, Green Tech companies are founded with the purpose of protecting the environment, have a science-based, measurable impact and do not engage in greenwashing. This definition mostly encompasses companies involved in recycling, producing clean water, or using alternative energy sources like solar or wind power.
With the current year coming to an end, the definition of how businesses leverage technology has changed much due to the pandemic. With disruptive technologies driving global discussion, sustainability is emerging as a new investment. Business leaders are now looking to run their companies in an environmentally sustainable manner, so less harm is done on the planet. Therefore there is a growing emphasis on how technology can be employed for improving a company's environmental performance and the bottom line. From incorporating sustainable practices into business operations to encouraging consumers, employees to embrace sustainability to using AI and quantum computing to find alternate energy-efficient fuels, most of the top enterprises are already doing their part to ensure a greener future.
This article was first published in Branch magazine, an online collaboration between EIT Climate-KIC, Mozilla Foundation and Climate Action.tech A global pandemic has shocked the world, leading to thousands of deaths, economic hardship and profound social disruption. While we worry about our immediate needs, we should remember that another crisis is looming: climate change. The lockdown made it clear that staying at home and slowing down the economy is far from enough to solve the climate crisis. We're still emitting more than 80 per cent as much CO2 as normal, despite having 17 per cent fewer emissions compared to 2019 -- which is one of the most significant drops in recent years (1).
To avoid a climate disaster, the entire world needs to change the way it does business. It's hard to overstate the extent of the shift that's required. We need new ways to grow food, make things, move around, generate electricity, and heat and cool our buildings, all without releasing greenhouse gases. What the world needs right now is a new, clean industrial revolution, so we can reach net zero by 2050. I think three things will happen in 2022 that will accelerate the essential shift to a clean economy.