Although investments in climate technologies have increased, additional efforts are needed to create a globally competitive industry. Policy recommendations include streamlining financing, creating a common European platform for access to financing, supporting long-term financing through blended financing and requiring procurement solutions climate technologies.
“French public and private investors are well placed to finance electric vehicle infrastructure. However, standardization at European level is crucial, for example in the case of CO2 emission certificates,” said Vincent Gaillard, Deputy Managing Director of Electra, a European ClimateTech startup featured in the report as a case study.
Other recommendations concern attracting institutional capital, improving capital market conditions, increasing collaboration between the private sector and research institutes and reducing bureaucratic obstacles.
“If companies want to do an IPO, they will. Unfavorable market conditions in Europe will drive IPOs abroad,” said Arthur Singer, co-founder of STABL, a European ClimateTech startup featured in the report as a case study.
Europe has a tremendous opportunity to become a leader in the ClimateTech industry. However, urgent and concerted efforts are needed from policymakers, investors and scientific institutions. It’s time to act.