Elections are coming and going, yet the economy is still struggling. Campaign promises and the like are good sound bites, but is anyone really listening. One key to help our economy get back on track is new technology. There is no way around this. In fact, as we move towards more technological advances, our economy will be positively affected. Here are three green technology advancements that will propel our economy within the next 5 years.
1. Solar Technology: If you are a business or home owner you need to be paying attention to what is happing in this field. The price to install solar paneling on your roof is expected to drop dramatically (http://www.nytimes.com/2009/08/27/business/energy-environment/27solar.html) as the price to produce and the effectiveness of the panels increase. If prices continue to decline at the rate they have over the past few years, the cost to go solar will be affordable by 2015. This means that if you are a homeowner, for the price of a new car, you can produce your own electricity. Some leading manufacturers to look for are Siemens, Advanced Green Technologies, Sharp, Sunforce, Trina and Kyocera. There are many others which will only help in the competitive nature of this booming industry.
2. Electric Cars: By 2015 there will be a significant amount of electric cars on the road. One only has to look at recent advancements (www.a123systems.com) and development in battery technology to realize how close this reality is. There are a few factors that are in the electric automobiles corner. First, the better miles per charge batteries can get, the more marketable these cars become. As batteries get better, the car prices get cheaper. Price will be a big determining factor to the success of the electric car. With the new technologies, if prices can fall below $20,000, than they will be able to compete with gas. Finally, what will help over the next 5 year is gas prices themselves. Like most finite commodities, prices will only continue to rise. Like we saw a few years ago, if prices creep to $4 a gallon and up, people will look towards the alternative.
3. Robotics: Not to sound to Sci-Fi, but robots are literally changing the way we do everything. From making cars to fighting wars, robotics is playing big roles in how we conduct our daily lives. Manufacturing has been getting more sustainable and greener due to the advancements of robotics. This has a direct effect on the general population because in many instances, these sustainability practices reduce waste in landfills and smog in the air. The sustainability movement is being led by robots. Robots have been changing the way armies conduct wars (http://www.msnbc.msn.com/id/34064419). No more manned spy planes are needed because they have been replaced with a glorified remote control plane.
Over the next five years we will see advancements in green technology that five years ago was only a pipe dream. As these dreams become a reality, it will be exciting to see what new discoveries and technologies we come up with. These three industries have the ability to help our economy broaden and diversify.
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