How is #CorporateVenturing accelerating the path towards climate neutrality? Centrica, Shell, Total, and bp discuss with NTT DATA and i-deals how a proper mix of venturing tools can accelerate new ventures to bridge the gap between net-zero ambitions and the pace of technology progress.
Almost 35% of the cumulative emissions reductions by 2070 in the Sustainable Development Scenario hinge on technologies (renewables integration, distributed generation, storage, smart grids, aggregation…) that are currently at large prototype or demonstration phase, and around 40% on technologies that are not yet commercially deployed at a large scale. In fact, the contribution of deeptech startups with solutions at large prototype or demonstration stage to emissions reductions are even higher particularly in long-distance transport (ships, planes, trucks) and heavy industries (cement, chemicals, steel), where no commercially available and scalable options for achieving deep emissions reductions exist today. Leveraging private investment for new business creation can shorten time-to-market and provide corporates with robust competitive advantages to thrive in the energy transition.