What does TSED mean in DEVELOPMENT

Technology For Sustainable Economic Development (TSED) is an innovative approach that uses new technological advances to help promote economic development in a sustainable manner.

TSED utilizes various forms of renewable energy sources such as wind, solar and wave power, while also developing efficient storage systems for them. It also focuses on reducing emissions from vehicles and other activities, enhancing infrastructure standards like roads and communication networks and investing in educational initiatives like digital literacy programs.

Using this approach can lead to faster progress towards achieving the United Nations' 17 Sustainable Development Goals (SDGs). Adopting TSED can also create job opportunities, stimulate economic activity through increased efficiency and access to services, enhance social welfare measures via improved healthcare access, reduce poverty rates and ultimately result in higher levels of prosperity.

There are many organizations making use of this approach, including corporations looking to reduce their environmental impact through the implementation of more sustainable technologies; governments seeking to make their economies more efficient; non-profits aiming to bring about positive change through technology; and research institutes studying how advancing developments can further contribute to global progress.