Early Birds Emphasizes Importance of Innovative Technology to Help Meet Carbon Reduction Targets
EarlyBirds, the company in Australia that runs the Early Birds platform, a business to business (B2B) open ecosystem that allows innovators, early adopters, and subject matter experts (SMEs) to get together, wants to stress that innovative technology can help in meeting carbon reduction targets in Australia and in other parts of the world. Meanwhile, EarlyBirds could play a role in this global endeavour through its B2B open ecosystem that stimulates growth for companies focused on innovation.
This is of primary importance because the recently released updated Emissions Projections data by the Federal Government of Australia has shown that Australia might not be on track to comply with its 2030 emissions reduction target of 26 to 28 percent emissions reduction. According to the data, greenhouse gas pollution levels are likely to continue to increase over the next decade.
Despite the poor prognosis, it is important to note that Australia has a Technology Investment Roadmap as the key element in its climate change strategy. Its goal is to speed up the development and the commercialisation of new low emissions technologies. This roadmap is currently focused on three primary strategies, namely, the National Hydrogen Strategy, Future Fuels Strategy, and Emissions Abatement.
The National Hydrogen Strategy is focused on the development of a clean hydrogen industry by exploring Australia’s clean hydrogen potential. The Future Fuels Strategy has to do with the development of new vehicle technologies and fuels, such as hydrogen fuel cells, battery electric vehicles, biofuels, and infrastructure for refuelling and recharging such vehicles. And, of course, there is the goal of emissions abatement, which is to be achieved using a three-pronged strategy of enhancing the Emissions Reduction Fund, providing incentives for voluntary emission reductions, and discovering low emissions technologies.
The Australian Government has also released a Climate Solutions Package involving $3.5 billion in investments to help achieve the 2030 commitments on emissions reduction. This package is composed of the: Climate Solutions Fund, which consists of $2 billion investments for low cost abatement; funding for innovative energy efficiency strategies for residential homes, commercial buildings, and community organisations; financing for a national strategy for electric vehicles; and support for pumped hydro projects that are designed to provide a more reliable energy system. Other potential innovations include lower emissions technologies, fast-charging stations for electric vehicles, and clean hydrogen and carbon capture projects.
Similar activities are ongoing in other countries. For instance, the European Union has an Innovation Fund to finance the development of innovative low-carbon technologies. These include low-carbon processes and technologies in energy intensive industries; carbon capture and storage; carbon capture and utilisation; innovative renewable energy generation; and energy storage.
Meanwhile, the Early Birds open ecosystem may help in this worldwide goal of carbon reduction. Startups and scaleups often play an important role in stimulating innovations that could be helpful with climate change strategies. EarlyBirds has an open innovation ecosystem that can be used by technology managers to discover innovators or developers of disruptive technologies, which may turn out to be vital innovations that can help in the reduction of emissions. Furthermore, the EarlyBirds system includes subject matter experts (SMEs) who can provide important industry and domain advice on the development and application of these new technologies.
EarlyBirds offers the Explorer and Challenger programs that can help early adopters with implementing innovations in their organisations. The SMEs who play the role of consultants will then collaborate closely with both internal and external stakeholders, business units, and innovation teams, to examine how the innovations can be applied as solutions for emissions reduction. Technology development managers, by participating in the EarlyBirds B2B open ecosystem, will be exposed to various innovators and will possibly the find the solution that they have been looking for. Those who are interested in joining the EarlyBirds Marketplace can register as an Early Adopter, Innovator, or SME Consultant Partner.
People who are interested in knowing more about the role of innovation technology in helping achieve carbon reduction targets can check out the EarlyBirds website at earlybirds.io, or contact them through the telephone or via email.
For more information about EarlyBirds, contact the company here:
Mr Kris Poria and Mr Jeff Penrose
+61 401 287 060