Technologies fighting climate change and biodiversity lossBY TOM ATKINSON | TUESDAY, 14 NOV 2023 4:53PMThankfully, innovations in engineering and digital technology is helping drive progress towards global climate goals. In addition, consumer momentum and government policy are helping to spur on the development of technologies able to make an impact. For example, the introduction of the US Inflation Reduction Act (IRA) in August 2022 should spearhead a new wave of growth and innovation and go some way in helping the private sector- and investors- decarbonise energy, transportation, agriculture and other emissions-intensive sectors. The legislation has earmarked billions in new spending and tax breaks designed to increase clean energy investment, cut healthcare costs, and raise tax revenues. Overall, some US$43 billion in IRA tax credits will aim to cut emissions by making electric vehicles (EVs), energy-efficient appliances, rooftop solar panels, and home batteries more affordable. Europe responded with its own Green Deal Industrial Plan, aiming to create a more supportive environment for scaling up the European Union's manufacturing capacity for net-zero technologies and products. This backdrop should drive profits for the companies delivering game-changing tools which secure widespread adoption. Further, it will create opportunities for portfolios if investors can closely track some of the key areas where this impact can be greatest. Get articles like this delivered to your email - Sign up for the free monthly newsletter ![]() More Articles |
Latest News
Billionaires of all ages watching AI: Research
Buffett outlines plans for Berkshire Hathaway
Conscious Investment Management fund receives $50m
LGT Crestone offers exclusive access to the Princely family fund
Cover Story

The founder mentality
CHIEF EXECUTIVE OFFICER
WISETECH GLOBAL