The role of Green Technologies Towards Climate Neutrality

In its latest report, the Intergovernmental Panel on Climate Change (IPCC) reiterates the critical need for a global economic overhaul to avert irreversible climate change and its far-reaching consequences. Finance, technology, and international collaboration emerge as pivotal factors in expediting climate action. However, Boehm et al. caution that meeting the ambitious targets requires a staggering increase in technological carbon removal, emphasizing the urgent acceleration needed to achieve these goals by 2030 and 2050. The report delves into the challenges and calls for concerted efforts to address this looming crisis.

In a quest to assess Croatia's stance on fostering eco-innovation and green technologies, the conducted research dives into the intricate landscape of funding accessibility, institutional support, and private sector capacities driving the green transformation.

Research Methods:

Employing desk research and a targeted survey, the analysis focuses on energy-intensive manufacturing companies in Croatia. The survey examines their efforts to reduce energy consumption and embrace a climate business strategy aligning with the EU's net-zero objectives.

Defining Terms:

For clarity, the paper uses "green technology" interchangeably with climate-neutral technology, emphasizing a transition toward climate neutrality or net-zero development, as outlined in the Republic of Croatia's strategic programs.

Role of Regulations:

Navigating the intersection of economic growth and sustainability, the research underscores the role of technological innovations. Recognizing the need for political leadership, it delves into the impact of environmental regulations on cleaner production and the diffusion of eco-friendly technologies.

Policy Perspectives:

Drawing from expert opinions and parliamentary insights, the article highlights the symbiotic relationship between economic prosperity, industrial competitiveness, and climate policy. The European Parliament emphasizes the importance of a net-zero strategy, focusing on direct emission reductions and safeguarding natural sinks.

To avoid overreliance on carbon removal technologies, the European Parliament emphasizes the need for additional measures by 2030.

The research advocates for enhancing the technological innovation system, leveraging public policies tailored to national contexts to support low-emission innovation and technology development.

You can read the full report here

And consult further information of IPCC reports here:
The Intergovernmental Panel on Climate Change.