VFBATTERY REPORT
Policy

Overview

Page 59 · 3 of 3
Battery Report 2020, page 59: Overview

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Sources and links on page 59 (2)

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  1. https://www.pewresearch.org/fact-tank/2019/04/18/a-look-at-how-people-around-the-world-view-climate-change/
  2. https://www.pwc.com/gx/en/services/sustainability/publications/state-of-climate-tech-2020.html
Text on page 59

A warm welcome to CleanTech 2.0...... and how to avoid a repeat of CleanTech 1.0 (PwC).

With a raft of global policies to support the pandemic and green stimulus packages, investments and government policies need to be aligned to avoid the pitfalls of the first cleantech boom in 2006-11 when $25b was invested and an est. 90% of funded companies failed to return any capital.

The original CleanTech boom failed for several reasons: a global recession emerged, falling silicon prices from China crushed solar startups, falling oil prices hammered biofuel startups, and venture funding was a very poor match for R&D startups.

Today is different. More people than ever are increasingly concerned about climate change. Clean technologies (including batteries) have had an additional decade of R&D and are now lower cost, technically sound, and directly competitive with incumbent fossil fuel technologies. Funding from government agencies and climate-specific venture capital, which understand the long development times and high capital requirements, eliminates risk along the spectrum of technology readiness levels and is better able to support the new cleantech market. Overview

Talent

Predictions

Extracted from the PDF; charts and images may read imperfectly.

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