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Advances in environmental engineering and green technologies book series

Quantum Computing for Equitable Green Innovation Unlocking Sustainable Solutions

Muniraju Hullurappa, Sudheer Panyaram

Published Feb 13, 2025• 6 citations
Publisher

Abstract

Quantum computing offers unprecedented opportunities to revolutionize equitable green innovation by addressing complex sustainability challenges with enhanced computational power. This chapter explores how quantum algorithms can optimize resource management, improve energy efficiency, and accelerate the adoption of green technologies. By leveraging quantum-based predictive models and optimization techniques, industries can achieve sustainable practices while ensuring equity in resource distribution and access. The chapter also delves into the potential of quantum computing to tackle intricate problems in supply chain sustainability, renewable energy integration, and environmental impact analysis. Challenges such as scalability, accessibility, and ethical considerations are addressed, alongside proposed solutions to overcome these barriers. Real-world use cases and emerging research highlight the transformative potential of quantum computing in fostering a sustainable and inclusive future, bridging the gap between innovation and equity.

DOI
10.4018/979-8-3693-9471-7.ch024

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This chapter explores the transformative potential of quantum computing across various industries, with a focus on its applications in energy and financial services. Quantum computing, leveraging principles of quantum physics, promises to revolutionize problem-solving and optimization processes that are beyond the capabilities of classical computing. In the energy sector, quantum machine learning enhances supply and demand forecasting, while Quantum Annealing optimizes energy production schedules through the Unit Commitment Problem. These quantum approaches address the complexities of volatile energy markets and the integration of renewable energy sources, providing innovative solutions for cost-effective and reliable energy management. In financial services, quantum computing offers advancements in portfolio optimization, risk analysis, and fraud detection, enabling faster and more efficient data processing. The chapter also highlights the necessity for financial institutions to develop post-Quantum cryptography strategies to secure cryptographic systems against emerging quantum threats. Despite its potential, the widespread adoption of quantum computing faces significant challenges, including the high cost of quantum machines, integration issues with classical systems, and the nascent stage of the technology. Nonetheless, preparing business structures for the forthcoming quantum era and leveraging current capabilities are essential steps for organizations. The chapter concludes with an outlook on the future applications of quantum computing in sectors such as healthcare, pharmaceuticals, and defense, underscoring its role as a catalyst for a sustainable and technologically advanced future.
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