ADB took part this week in Slingshot Manila, an official APEC conference to promote startup entrepreneurship and investment. Say “cleantech” and most people think solar panels, wind farms, and maybe electric vehicles. They are correct, but clean technology or cleantech is much more than that. In our view, cleantech is about developing and deploying new solutions that can help address the impacts of climate change. Cleantech covers everything from how we produce and use energy and other resources, to how we manage our water, air, and land. Cleantech has the potential to make a difference so we can better tackle complex, seemingly intractable environmental and social challenges.
New, affordable cleantech solutions can help make our homes, cities, and rural communities more efficient, smarter, and inclusive. Cleantech also gives people access basic services—such as energy, water or health care—that were previously unavailable.