spending on clean energy over five years. Many will fall short of that goal. But the decline in spending in the mid-2010s appears to have been reversed. Last year taxpayer-funded green-energyIEAGovernments are trying to fill funding gaps at a later stage, too, when deep-pocketed banks are reluctant to hand out $50m for a factory-scale project and less risk-aversefirms cannot afford to do so, observes Emily Reichert of Greentown Labs, an incubator.
Corporations, for their part, are on the lookout for new technologies to help them decarbonise or cut energy costs. According to Cleantech Group, big business is involved in about a quarter of deals, up from 16% in 2010. They either invest through theirarms or by providing capital directly. Oil majors including ExxonMobil have created a clean-investment fund .
Régine Clément, who heads Clean, Renewable and Environmental Opportunities , a network of 200 or so family offices, says that many families are trying to be “catalytic”. Some support risky prospects and when a product is established, as is happening with low-carbon protein, they take their capital and move to the next nascent market.
And what if he also converted them to employeeownership in the process Climate champion ☑️ More winners in wealth building ☑️
How can 3XN Renewables Limited & Xanthium Limited become enlisted as part of this plan?
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