ETV: an added value for different market players
Environmental Technology Verification (ETV) involves various interested parties beyond technology providers, buyers and users. These stakeholders play crucial roles in the verification process, market adoption and recognition of ETV as well as promotion, market uptake and widespread of new environmental technologies.
The key interested parties include in particular:
- Permitting and regulatory bodies
- Investors and financial institutions
- Policy and decision makers/ government agencies
- Technology development and testing centers
Other relevant stakeholders are:
- Industry associations
- Standardisation bodies
- Research an academic institutions
- Consultants and Advisory Firms
- Business support institutions
- International organisations
ETV can be used by these stakeholders in a numer of ways:
Source of information
facilitating permitting or
compliance
confirmation purposes
Creating or
improvement of
performance-based
standards for
sustainable progress
Establishing national
programmes fostering
market uptake and roll-
out of green innovation
and promoting
excellence of
environmental
technologies
Derisking investment
decisions and embrace
sustainability aspects
ETV for permitting and regulatory bodies
Paving the way for sustainable solutions, empowering regulators to ensure environmental excellence.
Standardised permitting processes vs innovation
Innovative environmental technologies often involve new and unique solutions or approaches for which a standardized permitting or approval processes and regulatory frameworks may simply not exist or are not applicable in full.
Lack of benchmark or reference
Also certain innovative technologies, especially disruptive solutions may lack precedents concerning their application. This can make it challenging for permitting bodies to establish relevant benchmarks or reference points for evaluation.
Insufficient expertise
Permitting and regulatory bodies find it difficult to keep up with the pace of innovation in green technologies may not have specialized knowledge or expertise in emerging environmental technologies. This can make it challenging to assess the environmental impact, safety, and compliance aspects of these innovations accurately.
Statements of Verification issued by ETV:
provide trustful evidence supported by test data necessary for informative permitting, compliance or approval decisions even for technologies and their performance parameters that fall outside existing frameworks
provide information helping understand the technology, its innovation and resulting performance
Learn how ETV empowers permitters to ensure environmental excellence
ETV for investors and financial institutions
Invest with confidence, embrace sustainability
Innovative environmental technologies offer significant opportunities but they also present certain concerns to investors and financial bodies wishing to finance a technology-based project and profit from it. Investors and financing institutions often seek assurance before funding green projects.
Beside costs considerations, many of these concerns are addressed through a thorough review of different types of information under due diligence procedures. Investors and funding bodies seek accuracy, credibility and transparency of the data provided by applicants about the involved technology to derisk the investment and ensure its economic viability
Statements of Verification issued by ETV:
- confirm maturity level of the technology: its readiness for market uptake, roll-out and upscaling,
- help resolve technical risks related to technology and the intricacies of its innovation necessary to understand the complexity of installation, compatibility with existing infrastructures, conditions of operation,
- provide information necessary to get regulatory compliance assurance,
- provide data on technology performance and the resulting reduced environmental impacts for the needs of ESG reporting and compliance to the EU Green Taxonomy e.g. compliance to the do not cause significant harm principle and alignment with broader environmental objectives of the taxonomy.
Statements of Verification can provide independently validated data on technology performance helping assess the environmental aspects of green innovation-based projects
Reduction of GHG missions
Does the project result in reduced CO2 and other GHG emissions?
Sustainable use of resources
Does the project contribute to an increased productivity of resources?
Improved energy efficiency
Does the project help use energy in a more efficient way, substitute conventional energy sources with renewable ones, or result in reduced energy consumption?
Minimalisation of waste generation
Does the project result in a reduced amount of waste generated by the process, design them out from the process?
Use of renewable energy sources
Does the project allow to maximise the use of renewable energy sources, involve their new ways of production or storage?
Ensuring toxic free environment
Does the project results in reduced emissions to air, water and soils? Does the project allow to reduce or eliminate the use of chemical and toxic substances or prevent secondary pollution?
View the Statements of Verification
ETV for policy and decision makers
Guiding governance through informative insights
Learn about an ETV programme
ETV can function as a powerful support tool for implementation of regional, national and EU policies related to climate, environment and innovation helping to address effectively environmental challenges and targets resulting from these polices e.g. emissions reduction, resource conservation, sustainable energy, waste management, or other environmental priorities effectively.
ETV can help identify best performing technologies addressing specific policy objectives, give them recognition and accelerate their market uptake and diffusion.
This could be achieved by setting up a an environmental objective challenge-led, stakeholder-driven ETV programmes based on ISO 14034 and the related standards ISO/IEC 17020 and ISO/17025 operated by governmental agencies or ministries.