Let’s not jerk around (on solar panels, wind, and batteries). We need to urgently invest in and scale up early-stage energy technologies if we are going to halve global emissions by 2030. This will require a massive effort to fund hundreds of commercial demonstration projects.– Bill Gates, Breakthrough Energy Ventures
It is my belief that the next 1,000 unicorns — companies that have a market valuation over a billion dollars — won’t be a search engine, won’t be a media company, they’ll be businesses developing green hydrogen, green agriculture, green steel and green cement.
Climate change is a business opportunity, Fink said, because addressing it will require that virtually every segment of industry will have to be reinvented.
Getting to net zero carbon emissions by 2050 is going to require a revolution in the production of everything we produce, and a revolution in everything we consume. The process of creating fuel, food and construction materials, with all the needs that we have as humanity, it all has to be reinvented. And that’s going to require a large amount of investment, a large amount of ingenuity and a large amount of innovation.
— Larry Fink, Middle East Green Initiative Summit in Riyadh, Saudi Arabia, Oct 2021
