Producing green hydrogen from solar energy and water in Mallorca
The phrase is bandied about more and more, but what do people really mean by green tech? What makes a green tech investment different from another? And why is green tech innovation so expensive? What’s the difference between green hydrogen and steel and grey hydrogen and steel? And does innovation have to be technological to count?
In a timely paper, What is Unique About Green Innovation? the OECD has tried to pin down some answers. Here’s the main ones in a nutshell.
Seen To Be Green
The OECD defines a green innovation as containing new or improved products or processes lowering greenhouse gas emissions and preserving limited natural resources and biodiversity, such as better waste management which uses natural resources more efficiently.
Innovations can be technological or non-technological and tend to be expensive. The…
