According to the Foresight Centre’s short report “Green investment trends of companies in Estonia and Europe”, Estonian companies’ involvement in green investment is similar to the rest of Europe, although considerably fewer companies invest in energy production.
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Experts see digitised cell line development as one of six key deep technologies for Estonia, with a breakthrough expected within the next twenty years. Estonia’s possibilities in this field are mainly linked to pharmaceutical development and personalised medicine, shows the Foresight Centre in its recent brief report “Digitised Cell Line Development: State of Play and Prospects”.
The need for chips will skyrocket in the coming decade and experts are seeing opportunities opening up for Estonian businesses in chip design and verification and the testing of the security of chips, the brief report “Embedded Systems and Chip Technologies: The State of Play and Prospects” by the Foresight Centre reveals.
In order to enhance the competitiveness of Estonian economy and ensure sustainable development, we need to increase our investments into developing green technologies. Estonia’s weak point is that the state support for research and development in local businesses is inadequate and erratic, shows the Foresight Centre report “Green Transition Trends and Scenarios in Estonia”.
Wood-based bio-products could come to replace oil-based ones, and Estonia has a strong economic potential in bio-refining, both in the stage of research and development as well as production, says the Foresight Centre brief report “Biorefining Wood: Today and in the Future”.
The average environmental footprint of an Estonian transgresses the planetary boundary by 3.8 times, while that of an European is 2.9 times larger than the planetary boundary. According to the report “The Average Environmental Footprint of Estonians and Europeans”, recently published by the Foresight Centre, Estonians have a larger environmental footprint with regard to electricity, heating, food and appliances, while their environmental footprint of mobility is smaller than that of Europeans.
What will the electricity consumption of households be like in the future and how to make it more sustainable and manageable? These were the questions asked at the Foresight Centre online seminar “How will expectations of future home life change the energy demand: implications for demand management”, held on 20 October.