WEBVTT 1 00:00:00.210 --> 00:00:01.797 Hi, my name is Mads Peter Langhorn. 2 00:00:01.797 --> 00:00:04.110 I'm a managing director and partner in Copenhagen, 3 00:00:04.110 --> 00:00:06.210 and I lead our green growth accelerator topic 4 00:00:06.210 --> 00:00:07.530 there globally for BCG. 5 00:00:07.530 --> 00:00:09.600 Hi, I'm Siddharth Jain, I'm a managing director 6 00:00:09.600 --> 00:00:10.860 and partner based out of Delhi, 7 00:00:10.860 --> 00:00:11.970 and I work with Mads 8 00:00:11.970 --> 00:00:14.280 on our green growth accelerator offering for Asia Pacific. 9 00:00:14.280 --> 00:00:15.690 So Mads, we often hear the question 10 00:00:15.690 --> 00:00:17.730 that the green energy transition is slowing down. 11 00:00:17.730 --> 00:00:19.200 What's the thought from Europe? 12 00:00:19.200 --> 00:00:20.580 The pace has certainly shifted, 13 00:00:20.580 --> 00:00:24.510 but the fundamentals remain very strong, intact. 14 00:00:24.510 --> 00:00:27.480 The funding need for the net zero transition 15 00:00:27.480 --> 00:00:30.840 over the next years is more than $7 trillion annually 16 00:00:30.840 --> 00:00:32.100 in CapEx. 17 00:00:32.100 --> 00:00:34.500 We see an an ever growing group 18 00:00:34.500 --> 00:00:37.650 of climate focused unicorns now with a combined valuation 19 00:00:37.650 --> 00:00:39.930 of more than $200 billion. 20 00:00:39.930 --> 00:00:42.270 The story here is not only about risk management 21 00:00:42.270 --> 00:00:43.560 and the downside protection, 22 00:00:43.560 --> 00:00:46.830 I think we see an increased impetus for growth 23 00:00:46.830 --> 00:00:50.040 and for value creation driven by green businesses. 24 00:00:50.040 --> 00:00:52.710 And I think the story from Asia is very similar. 25 00:00:52.710 --> 00:00:54.210 There's a very strong appetite 26 00:00:54.210 --> 00:00:55.710 to invest in green businesses. 27 00:00:55.710 --> 00:00:58.380 There's a lot of capital which is flowing towards these, 28 00:00:58.380 --> 00:00:59.550 a lot of bold moves, 29 00:00:59.550 --> 00:01:02.610 new technical innovations that are happening. 30 00:01:02.610 --> 00:01:05.640 So the questions leaders really are asking is not if, 31 00:01:05.640 --> 00:01:07.500 but how fast can we really go? 32 00:01:07.500 --> 00:01:08.400 Exactly. 33 00:01:08.400 --> 00:01:09.233 And I think that's also 34 00:01:09.233 --> 00:01:11.190 where a green growth accelerator comes in, 35 00:01:11.190 --> 00:01:14.040 where we work with corporates, with investors, 36 00:01:14.040 --> 00:01:17.550 with scale ups to build climate positive businesses 37 00:01:17.550 --> 00:01:18.990 that have tremendous impact. 38 00:01:18.990 --> 00:01:20.970 So we believe that companies 39 00:01:20.970 --> 00:01:22.800 that act now on the green agenda, 40 00:01:22.800 --> 00:01:24.420 they will have a tremendous opportunity 41 00:01:24.420 --> 00:01:27.450 to build out market leadership, competitive advantage, 42 00:01:27.450 --> 00:01:29.250 and ultimately long-term resilience.