The Banking Executive Magazine - September 2023 Issue

The Transition to Green Economy 3) Artificial photosynthesis: Scientists and technologists are working together to mimic the effects of photosynthesis through technology to create usable en- ergy. 4) Smart meters: Smart meters installed in homes allow consumers to reduce their energy consumption, which is an indirect way of reducing overall housing emissions. Individuals are able to save on their house- hold bills while companies have more energy in the pipeline to supply to other buildings. 5) Carbon capture and storage: One of the most innovative solu- tions for eliminating atmospheric carbon dioxide, carbon seques- tration, is going beyond human efforts to plant more trees and re- duce carbon output. New tech- nologies will be leveraged in years to come to actively remove carbon emissions from the at- mosphere. 6) Electric vehicle propulsion: One of the most visible forms of renewable technology is electric vehicle (EV) propulsion. How- ever, existing infrastructures are not capable of supporting a fully- electric future yet. 7) Nuclear energy technology: Although controversial based on its potential to disrupt cities, technology is being developed to produce clean energy at scale. 8) Waste-water electricity genera- tor: The circular economy can be applied beyond recycling man- made materials. Electricity gen- erators enable the use of waste water to create electricity. Along- side the solutions contribution to mains grid power generation, the technology is also capable of powering the treatment of water full circle. 9) Recycled plastic road surfacing: Plastic based materials are adopted to use recycled plastic bottles. ISSUE 177 SEPTEMBER 2023 the BANKING EXECUTIVE 25