“Technology is not the answer, but it is the amplifier of intent…” Leo Johnson, Partner at PwC UK.
Climate technologies are critical to meet our world’s net-zero agenda. Not to confuse climate tech with clean tech, climate tech concerns explicitly the mitigation and reduction of GHG emissions, while clean tech addresses our impact on the environment. Examples of climate technologies are wind energy, solar power, and hydropower.
As the need for climate technology is vast and creates many investment opportunities, McKinsey Sustainability estimates that “the next generation of technologies could attract 1.5 trillion to 2 trillion of capital investment per year by 2025.” To navigate this market successfully, investors will need to have a better understanding of technical advances, policy environments, and customer demands and commitments.
To learn more on climate technologies, PWC came out with a report on the state of Climate Tech 2021: