Sustainable development is a key industry for growth in Luxembourg. Over the past few years the Grand Duchy has thus been seeking solutions to reduce pollution and waste. There are many examples of this: the growing use of wind farms, the introduction of energy performance certificates in the building sector as well as the efforts implemented for more electric public transport.
It is estimated that there are over 200 eco businesses in Luxembourg. These companies mainly operate in the fields of renewable energy, waste management, water and environmentally sound construction. In order to support these companies in their efforts, the Luxembourg government is offering financial support, but is also helping to establish networks of expertise.
In addition, over one hundred eco businesses operate within the EcoInnovation Clusternetwork of expertise run by Luxinnovation, the National Agency for Innovation and Research. The Cluster identifies potential, connects the different actors and helps them to implement collaborative projects.
In addition to this, several entities are carrying out research in the field: the University of Luxembourg, Luxembourg Institute of Science and Technology (LIST), the sustainable construction innovation hub Neobuild, and the Centre de ressources des technologies pour l’environnement - CRTE(Resource Centre for Environmental Technologies).
The labelling agency Luxflag launched 'Climate Change', an environmental label awarded to funds in which at least 75% of the portfolio is invested in companies linked to environmental issues. With the Luxembourg Green Exchange, the Luxembourg Stock Exchange inaugurated the first green stock exchange in the world, where only 100% environmentally sound projects are accepted.
Green innovation as far away as Antarctica
Many companies based in Luxembourg export their innovations worldwide:
- the Société électrique de l'Our- SEO (Our Electricity Company) is boosting investment in hydro and wind power generation for both domestic use and export;
- the start-up Ujet has just revealed its electric scooters, which will be available in Paris, Milan, Monaco and Barcelona as of 2018;
- a waste management concept has been devised by ECO-Conseil in the United Arab Emirates;
- Apateq supplies waste water treatment systems, from Grevenmacher to Canada;
- L.E.E. exports its methods to extract biogas from household waste and the agro-industrial sector to Europe, Africa and Canada.
- China has embraced the compressed natural gas conversion kits created by Rotarex, which reduce the amount of pollution produced by old vehicles;
- Prefalux specialises in wood constructions, and enables scientists at the 'Princesss Elizabeth' Belgian research centre in Antarctica to work safely, protected against the wind and cold.
(Article written by the editorial team of the luxembourg.lu portal / Source:www.ecoinnovationcluster.lu)