WEBVTT

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Stefan, welcome. Help us, if you would,

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understand how innovation and green
tech are key to reaching net zero.

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Well,

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we know from a study we did a couple years
ago that in order to get to net zero,

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about a third of what needs to be achieved
can be done with existing technology.

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Think wind, solar...

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another third needs to be
achieved by scaling technologies,

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which exist but are not at scale.

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And then a full third requires
Zero to One innovation.

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So really coming up with
stuff which doesn't exist yet.

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So clearly innovation in all its
aspects is key to getting to net zero.

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Talk to me about the growth, if you would,

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of climate tech over the past few years.

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Climate tech has been one
of the fastest growing

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segments of the overall venture capital
industry over the last few years,

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really globally. So
that's encouraging to see.

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We had an earlier phase,

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a green tech investment
phase about 10-15 years ago,

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which was not super successful at
the time because many technologies

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weren't mature yet. But the
more recent technologies,

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technology investments in this climate
tech space are very, very hopeful.

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And it's interesting,

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we've seen a correction of asset
prices in the technology sector,

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obviously the last couple of months and
quarters in many sectors - not so much

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in climate tech. So people continue
to be quite bullish about that space.

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What do you put that growth
down to over recent years?

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I think what's special about
this whole climate tech

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space is that there's not a
million ways to get to net zero.

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We pretty much know what needs
to happen. So for example,

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we need obviously tons
of renewable energies.

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We need a hydrogen economy.

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We need technologies that
enable us to capture carbon.

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So many of the ways to get to
zero are directionally clear.

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And so it's obviously interesting for
investors to invest in certain segments of

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these technologies at least.

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What about the climate tech
startup environment in Europe?

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What's the potential there? What impact
do you think that that could have?

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The European startup community in
climate tech is particularly strong and

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growing, obviously benefiting
from some of the regulation,

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which is very pro-climate
transformation across Europe.

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And we see some incredible growth there
over the last couple of years as well.

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There are lots of examples,

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including companies that
develop carbon markets,

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circularity models, and many others.

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What do you see as the biggest
opportunities in this space

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for corporations with green tech?

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So corporations, when they
invest in new businesses,

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we always tell them to look for
what we call the unfair advantage.

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So they need to bring something to the
table from their existing business,

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which helps them build a new
business. And so of course,

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that unfair advantage depends
on the industry you are in,

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but in particular in Europe,

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with many of the more traditional
industries like steel,

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cement and others,

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there are tremendous opportunities
there to invest in ways to produce these

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materials in a more sustainable way.

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Stefan, thank you so much.

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Thank you.