Blog #3 from our campaign "The Future of the Economy"
And it is vertical!
So what is vertical farming? Simply put, it's a type of agriculture where crops are grown in vertically stacked layers in a controlled environment. This allows for year-round produce production, regardless of weather conditions. Plus, vertical farms use far less water than traditional farming methods, making them more sustainable.
According to a recent report by the United Nations, the world's population is expected to reach 9.7 billion by 2050. That's a lot of mouths to feed. And with traditional farming practices becoming increasingly unsustainable, it's clear that we need to get creative if we're going to meet this demand. That's where vertical farming comes in.
Transportation is responsible for 16% of worldwide pollution, agriculture for 19%, energy production for 27%, construction and manufacturing for 31%, with the remaining 7% attributable to heating. Green technologies may be utilised in all of these CO2-emitting sectors, providing a wide range of sustainable development options.
Innovative and Inspiring Solutions
Vertical farming may revolutionise how plants are grown in the agricultural sector. Infarm, a Berlin-based firm, grows vegetables in 99 percent less space, 75 percent less fertiliser, and 95% less water than conventional agriculture.
Another area where green tech is making a big impact is in the production of plant-based meat alternatives. Swiss start-up Planted produces delicious meat alternatives from kebab to Peking duck with 74% less CO2 emissions than traditional meat production methods. Plant-based meat could have a huge impact on global food security, as it requires far less land and resources than livestock production.
Currently, livestock production uses up 80% of agricultural land globally, but only produces 20% of the world's calories. If more people switched to plant-based meat, we could free up a huge amount of land for other uses.
So what does this all mean for the future of food?
It's hard to say for sure.
But one thing is certain: green tech solutions will play a big role in how we feed the world in the years to come. With so much hype around vertical farming, it's no wonder that investors are scrambling to get a piece of the action. Blackrock's CEO Larry Fink has stated that he believes the next 1,000 unicorns will be green energy companies, and Bill Gates estimates that the sector will produce eight to 10 Teslas, a Google, an Amazon and a Microsoft. These prospects have inspired rising investments into green tech with an annual growth of 210%, according to PWC.
Green tech is making a big impact in many different areas, from agriculture to transportation. By investing in green tech solutions, we can make our world more sustainable and efficient.
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