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14.2 Technology Assessment
This concentrates on the technologies that need to be brought to market in order to achieve the stated vision. There are 15 fundamental ranking criteria, which are weighted and rolled up into two principal impact criteria:
a. Economic Impact: The developmental and financial issues related to a specific technology that can/will influence sector growth, technological inter-dependencies, infrastructure improvement, and the cost of environmental improvement; and,
b. Environmental Impact: The magnitude of the emissions reduction potential, reductions of regional environmental pollutants, the life cycle emission returns, and the time at which these emissions reductions are most likely to occur.
This assessment focuses on the technology plot position of each technology area. The position of each plot is the result of the numerical ranking of the individual technological assessments. Each technology is mapped on a scatter graph, with Economic Impact on the X-axis and Environmental Impact on the Y-axis.
Table 27: Market Plot Indicators
Indicator Main Elements
Technology Development
Place on the Innovation Chain Technological Requirements & Barriers Technical Risk & Uncertainty Technological Dependencies Technology Spin-Off Potential
Environmental Impact
GHG Emission Reduction Potential CAC Emission Reduction Potential Embodied Carbon Content Life Cycle Emission Returns Time to Environmental Impact
Sectoral Impact
Disruptive Potential
Infrastructure Enhancement Potential Time to Market Entry
Financial Effectiveness
Price to Market GHG Reduction Cost
The closer a technology plots to the upper right hand corner, the greater is its potential relative to the other technologies. Since STAR™ is an iterative process, the plot values change over time as new information becomes available, new technologies are developed, and sustainable markets continue to develop.
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