Post by account_disabled on Feb 17, 2024 8:55:38 GMT
Sustainability has become a national security issue in Europe and is playing a key role in the region's success. With million-dollar economic losses due to events related to climate change in recent years, the transition towards economies balanced with growth, respect for the environment and social well-being is presented as an opportunity, according to Emerging Europe .
Europe stands out as an example in solving carbon-related problems on our planet. To achieve this, it is essential to accelerate investment in innovation in emerging and developing climate technologies.
Accelerate technological innovation
Agnieszka Gajewska, global utility and Middle East Mobile Number List government leader and Central and Eastern Europe (CEE) client and market leader at PwC, a global consulting firm, notes that sustainability goals have now become energy security goals. , and climate technology will play a fundamental role in this.
“We have even more motivation to work towards the goals set by the European Green Deal: to reduce CO2 emissions by at least 55% by 2030 and achieve climate neutrality by 2050.”
Agnieszka Gajewska, Global Government and Utilities Leader, and Central and Eastern Europe Clients and Markets Leader at PwC.
According to her, meeting the obligations to reduce and even eliminate greenhouse gas (GHG) emissions, responsible for climate change, will not be achieved through usual and traditional business practices. A disruptive, innovative and transformative approach is required to address climate challenges, and climate technology finance plays a crucial role in this solution.
Facing their first real test in the last decade, climate technology markets have shown encouraging resilience,” says Jackson Moore, Global Leader in Environmental, Social and Governance (ESG) at PwC. United Kingdom.
According to Moore, situations such as the Russian invasion of Ukraine and the current inflation do not destabilize, but rather present the opportunity to take advantage of the momentum generated to provide financial resources, especially to companies related to climate technologies. These have enormous potential to reduce carbon emissions and create employment opportunities.
Sustainability, national security issue
Although the Central and Eastern Europe (CEE) region accounts for 3.73% of global greenhouse gas (GHG) emissions, it has only attracted 0.79% of global investment in startups. climate technology. This indicates a significant gap between the region's contribution to GHG emissions and the attention and funding it receives in the climate technology space, according to PwC's Net Zero Future 50 report .
However, there are actions that offer hope in the region. Poland, for example, has a strong network of investors with capital available and ready to invest. Three of the five most active venture capital firms in the region are based in Poland. Furthermore, Polish investors have made the largest number of deals in the field of climate technology, with a total of 39 deals. Estonia is the second country with the most climate technology agreements (28), closely following Poland.
«To be ready for 2055, financial markets must contribute their monetary resources, such as pension funds, to invest in sustainable innovation in all fields of clean technology […]».
Triinu Lukas, CEO of Estonia-based Beamline Accelerator.
Alfredo Giannattasio, regional director of enterprise sales at Microsoft Central Europe, also highlights the importance of the success of startups, as they drive innovation and progress in every part of the economy, creating a virtuous circle of talent development.
Europe stands out as an example in solving carbon-related problems on our planet. To achieve this, it is essential to accelerate investment in innovation in emerging and developing climate technologies.
Accelerate technological innovation
Agnieszka Gajewska, global utility and Middle East Mobile Number List government leader and Central and Eastern Europe (CEE) client and market leader at PwC, a global consulting firm, notes that sustainability goals have now become energy security goals. , and climate technology will play a fundamental role in this.
“We have even more motivation to work towards the goals set by the European Green Deal: to reduce CO2 emissions by at least 55% by 2030 and achieve climate neutrality by 2050.”
Agnieszka Gajewska, Global Government and Utilities Leader, and Central and Eastern Europe Clients and Markets Leader at PwC.
According to her, meeting the obligations to reduce and even eliminate greenhouse gas (GHG) emissions, responsible for climate change, will not be achieved through usual and traditional business practices. A disruptive, innovative and transformative approach is required to address climate challenges, and climate technology finance plays a crucial role in this solution.
Facing their first real test in the last decade, climate technology markets have shown encouraging resilience,” says Jackson Moore, Global Leader in Environmental, Social and Governance (ESG) at PwC. United Kingdom.
According to Moore, situations such as the Russian invasion of Ukraine and the current inflation do not destabilize, but rather present the opportunity to take advantage of the momentum generated to provide financial resources, especially to companies related to climate technologies. These have enormous potential to reduce carbon emissions and create employment opportunities.
Sustainability, national security issue
Although the Central and Eastern Europe (CEE) region accounts for 3.73% of global greenhouse gas (GHG) emissions, it has only attracted 0.79% of global investment in startups. climate technology. This indicates a significant gap between the region's contribution to GHG emissions and the attention and funding it receives in the climate technology space, according to PwC's Net Zero Future 50 report .
However, there are actions that offer hope in the region. Poland, for example, has a strong network of investors with capital available and ready to invest. Three of the five most active venture capital firms in the region are based in Poland. Furthermore, Polish investors have made the largest number of deals in the field of climate technology, with a total of 39 deals. Estonia is the second country with the most climate technology agreements (28), closely following Poland.
«To be ready for 2055, financial markets must contribute their monetary resources, such as pension funds, to invest in sustainable innovation in all fields of clean technology […]».
Triinu Lukas, CEO of Estonia-based Beamline Accelerator.
Alfredo Giannattasio, regional director of enterprise sales at Microsoft Central Europe, also highlights the importance of the success of startups, as they drive innovation and progress in every part of the economy, creating a virtuous circle of talent development.