The primary challenge for climate technology is not invention but widespread distribution and financing, according to the CEO of the Shell Foundation. While many technologies like solar-powered cold storage and electric vehicles have proven effective, they struggle to reach the millions who need them due to issues with last-mile delivery, high upfront costs, and a lack of accessible credit. Innovative business models, such as separating battery costs from vehicle purchases and leveraging microfinance institutions, are crucial for scaling these solutions. Philanthropy's role is to absorb early risks that commercial capital avoids, thereby enabling private investment and fostering an inclusive climate transition. AI
RANK_REASON Opinion piece from a foundation CEO discussing challenges in climate tech deployment.
- Jonathan Berman
- Kinetic Green
- Mirova Gigaton Fund
- S4S Technologies
- Shell Foundation
- SIDBI
- Sun Mobility
- Swiggy
- Zomato
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