If we talk about the hottest trend in 2024, we can’t get away from the “Earth-saving trend” that businesses in any industry must pay attention to. There are also many businesses that have turned to doing business under the “ESG (Environmental, Social and Governance)” concept or the “Sustainable Organizational Development” concept. And if we talk about the industry that is directly involved in this trend, we definitely have to talk about the “Environmental Industry”.

Today, we will take everyone to update "Environmental Industry Trends" that are hot and worth watching in 2024. This year, what trends in the environmental industry will be hotter than before? Which tends to be more popular and developed further in the future? If you are ready, let's see together!

Climate Fintech

The first trend that we will introduce to everyone today is the “Climate Fintech” trend or “Sustainable Financial Innovation”. This innovation is a combination of the words “Finance” and “Technology”, which is the use of online communication technology to apply in the financial, banking, and investment businesses through a trading platform.

This innovation will help reduce the impact of human activities through financial activities such as withdrawing money from ATMs and receiving paper receipts, and change to Digital Banking or Digital Point-of-Sale, which allows consumers to conduct transactions using fewer resources, resulting in a reduction in the use of Carbon Footprint. Currently, in Thailand, there are more than 500 companies/organizations that use this platform for trading, making trading convenient and fast, and more environmentally friendly.

ESG Disclosure

As more and more companies and organizations pay attention to the ESG concept, the disclosure of sustainability information is a trend that is becoming increasingly popular. This is because the disclosure of this information will show the policies, impacts, and performance in terms of the environment, allowing investors and users of the information to see the perspective of the business operations of that company or organization in a broader dimension than just financial information, resulting in consumer confidence in the organization.

“ESG Disclosure” is a method of disclosing this information through annual reports, sustainability reports, or through the company or organization’s website. Therefore, the disclosure of sustainability information or ESG information should be linked to the company or organization’s business management strategy and direction in order to be useful to users of the information or those who want to invest and have information to consider and decide on their participation in the business. This information that is disclosed must be important, timely, reliable, and comparable.

AI (Artificial Intelligence)

Another trend that is gaining popularity in almost every industry is the trend of applying “AI (Artificial Intelligence) innovation” to companies or organizations, including in the environmental industry. It is likely that in the future, AI innovation will play an increasingly important role in helping to solve problems and create more sustainability for the environmental industry.

An example of using AI innovation to participate in the environmental industry is using AI innovation to measure weather data, assess annual electricity production, and calculate environmental and climate impacts. In addition, AI innovation to support sustainable soil use, support the use of renewable and clean energy, such as using AI innovation combined with satellite images or detecting plant diseases and other problems, and weather forecasting with AI innovation that results in more accurate forecasts, helping to increase efficiency, reduce costs, and reduce unnecessary carbon pollution.

EV Car

At present, at this time, it can be said that no one does not know the innovation of "EV cars" or what is commonly called "electric cars". And at this time, if people want to buy a car, EV cars will probably be the first choice that people are interested in and want to buy to use instead of cars that use oil. Because of economic and environmental problems, the situation is still as hot as the weather at this time.

According to data from the Emissions Database for Global Atmospheric Research (EDGAR), the transportation sector has increased its greenhouse gas emissions by 72% in 2022 compared to several years ago. Therefore, turning to EVs is an option that people should choose to help reduce environmental pollution. And it's not just EVs that are popular abroad. In Thailand, there are also quite a few EV users. In addition, we have set a goal that by 2030, the use of EVs must increase by more than 50% so that by 2040, EVs can replace 100% of gasoline-powered vehicles.

Biodiversity

Biodiversity is another factor that helps our world to be balanced because every living thing on Earth has a duty to take care of the symmetry and balance of biological cycles in one way or another. But in the past 30 years, biodiversity has disappeared from the world by more than 70%.

For this reason, another trend to watch in 2024 is the trend of increasing the number of species in biodiversity or Biodiversity Net Gain so that the world society has measures according to the guidelines that will monitor the trend of increasing or decreasing biodiversity. Many countries around the world have already started to implement this trend, such as the United Kingdom, which has issued a law that will soon come into effect, requiring the development of cities or other areas to be designed to increase biodiversity by 10%, etc.

And in addition to these trends, another issue that the environmental industry should give special importance and attention to is water pollution. Because water is one of the most commonly used consumer goods in the environmental industry, especially in factories, companies or organizations that dump sediments and dirt into the water. Because these things will affect the life cycle of aquatic animals, become a source of disease outbreaks, affect crop cultivation and cause changes in the ecosystem. Choosing a sediment separator (Slit Saver) is another option that the environmental industry should pay more attention to.

The sediment separator will help separate the waste mixed with the wastewater. When the wastewater flows through the screen, the waste or waste that is larger than the gaps in the screen will be trapped in front of the screen to prevent the waste from flowing into the wastewater treatment system, which is the next process. In addition, you should choose a sediment separator produced by a quality company that you can trust. For example, the sediment separator from C.C.Autopart, which has 90% of the materials from Thailand in its production. This part can be called a highlight and has the advantages of preventing clogging, treating wastewater continuously, and using a small amount of electricity. Just like this, we can help preserve the world more.