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One fifth of all electricity was generated in Britain by windfarms or other green technologies in the first three months of the year, according to new statistics released by the Department of Energy and Climate change (DECC).
Thus this Executive Dialogue is devoted to the topic of identifying and implementing new technologies in a way that makes the most business sense.The first challenge is finding worthy new technologies in the first place.
The most difficult challenge posed by an economic revolution is not how to come up with the magical new technologies in the first place; it is how to reshape society so that the technologies can be put to good use while also keeping the great mass of workers satisfied with their lot in life.
The root of this problem lies in a user's ability to interface with the newest technologies in the first place.
Technologies in the first group would be categorized as in-vehicle information systems while technologies in the latter group would be categorized as crash avoidance systems given that they can help prevent a crash.
Stuart Parkinson, of SGR, explains that scientists should consider their professional ethics: "Whilst it may be government or industry that takes the final decision on whether to use or not use a particular technology, it is we, as the scientists and engineers, that give them these technologies in the first place.
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In any event, according to the researchers, the shallower penetration of new technologies in the third world explains of their economic lag: "changes in the pattern of technology diffusion account for 80 percent of the Great Income Divergence between rich and poor countries since 1820".
The new state of technology is given by b t = bt−1+π), where π stands for the shift in the technological frontier (gap between the state of technology in the first period and the second period).
The development of sound technology in the first years of talking pictures focused on two areas.
The Americans - no slouches at selling the technology in the first place - say it is being re-sold to Belarus, Venezuela or Zimbabwe.
The country had virtually no solar industry in 2003; five years later, it was manufacturing more solar cells than any other country, winning customers from foreign companies that had invented the technology in the first place.
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