Developing innovative and clean energy technologies and introducing climate change policies can help reduce greenhouse gas emissions in Alberta. This is essential in view of the fact that emissions are expected to reach between 293 and 317 megatonnes.
The federal government has adopted a climate leadership plan to reduce its emissions by one-third by 2030. This means that Alberta has to reduce emissions to 163 megatonnes. The measures under the plan include a considerable reduction of methane emissions, cap on oilsands emissions, broad-based carbon tax.
Clean Energy Technologies
Innovative technologies have the potential of reducing greenhouse gas emissions to mitigate the effects of global warming. The development of innovative solutions is underway in different parts of the world, and some are already on the market while others are years away. Here are some projects underway that savvy investors can look into to contribute to the development of new technologies and profit in the long run.
Clean Liquid Fuels
Artificial photosynthesis is a new development that will take years but is nevertheless a promising advance to replace non-renewable fuels. Artificial photosynthesis can be used to produce clean liquid fuel as a green alternative to traditional sources. The process is used to transform water, carbon dioxide, and sunlight into clean fuel.
Innovative Photovoltaics and Solar Cells
Perovskite solar cells are also a good alternative to conventional electricity to help reduce greenhouse gas emissions. The main benefits are that they absorb light efficiently and are inexpensive. A mix of inorganic and organic compounds is used to absorb light. The main problem here is that the compounds in the mix have a relatively short lifespan, especially in hot and wet weather. The good news is that research teams at the Swiss Federal Institute of Technology and Los Alamos National Laboratory are working on a new solution to enhance durability. They have developed unencapsulated two-dimensional devices that help prevent degradation and have a good tolerance to heat and humidity. New thermophotovoltaic solutions are also in the process of development to replace photovoltaics already in use. A team of MIT researchers is working on the project to capture sun energy and focus it into a narrow light band. Standard photovoltaics only capture a small portion of the color spectrum. Unlike them, thermophotovoltaics consist of nanophotonic crystals and carbon nanotubes that can absorb light from the whole color spectrum.
Another option is to look into projects that are funded by the government and think of ways to put them to good use in other settings. Different projects are underway in Canada to develop new solutions and minimize the carbon footprint. The near net zero energy supermarket, for example, is a project by Longo Brothers Fruit Markets that aims to create a sustainable supermarket. The project is valued at $11,061,922 and is partly financed under the Clean Energy Innovation Program - https://www.nrcan.gc.ca/energyinnovation. The supermarket will use carbon dioxide refrigeration and other green solutions to minimize emissions. The new supermarket will incorporate a number of energy-efficient solutions such as solar photovoltaics, innovative heat recovery systems, LED lighting, high-efficiency building envelope, and combined power, heating, and cooling. The Clayton Heights Passive House Community Centre is another project to look into, also funded under the program. This will be the biggest community centre of this kind, with added benefits such as minimum greenhouse gas emissions and improved air quality. The community centre is currently under construction and is expected to be completed by 2019. To meet the criteria for a passive house, the centre has to incorporate transparent components, a building envelope, and other features. It is designed as a recreational space that houses a rehearsal hall, recording and music studios, and a lot more.
About the author: Samantha is commited to using green solutions in her every day life. Visit her blog https://www.lifeoncredit.ca where she writes about credit - https://www.lifeoncredit.ca/top-12-best-credit-cards-in-canada-for-2018/ and borrowing solutions - https://www.lifeoncredit.ca/bad-credit-personal-loans-in-canada/.