Climate Technology Drivers
The urgency of the climate situation provides lucrative business opportunities for climate technology innovations. Prominent drivers incentivizing climate innovation are:
- The rapid acceleration in net zero commitments from governments, cities, business, and the financial sector.
- Government policy interventions together with the beginnings of legislative measures to mitigate climate change.
- Corporates and investors aligning their business disclosures to requirements of ESG reporting and climate risk disclosures such as TFCD and assessing their transition risk should their long-term strategy and activities not be aligned with climate actions.
- The economic and social costs of climate change impacts alongside the economic opportunities of climate change innovations.