As the issue of climate change has become severe, new technologies should be in place to reduce carbon emissions and yet capitals are required to facilitate the advancement of technologies. In response to such demand, green or sustainable finance arises. How do we rate the level of technology advancement for investment? A set of standards called Technical Readiness Level (TRL) is adopted in the industry as a means of assessing technology maturity. It is originated from NASA in 1995 and has a significant impact on the scientific and technological circles in the United States and United Kingdom. TRL divides technology maturity in 9 levels which are applicable to all kinds of technologies with customized definition.

Learn more from the full article (in Chinese only) written by Kenny Siu, Senior Advisor of AEC Group, published on Sing Pao on 6 December.