Sentences with phrase «displace older technologies»

It creates opportunities and displaces old technology, processes and professions reliant upon them.

Not exact matches

There are many inaccuracies, because after more than 10 years the bureaucracy has not understood that technology can displace the old way of creating wealth without the traditional banks, which control or control the banking and securities, so we are at doors to new ways of doing business.

Using a «high - resolution electricity system planning model» of the DOE's two - year - old SunShot Initiative (meant to knock down the cost of solar electricity to market prices by 2020) alongside likely carbon - limitation policies, Kammen and company found that it's not unrealistic for solar to capture a third of the Western U.S. electricity market within 40 years, displacing currently more - attractive technologies like nuclear and natural gas.

That means that renewables will not be displacing old inefficient fossil - fired generation but the latest and most efficient fossil technology.