Climate week wrap-up - presumptuously sharing a few take-aways.

A whirlwind of a week in New York walking up and down Manhattan attending a mere 30 of 900 listed event including…?, KKR , ClimateImpact , Oliver Wyman Forum , Department for Energy Security and Net Zero Ed Milliband with Ameresco, others at that table, BloombergNEF , Smart Freight Centre with Amazon , 百事 and 微软

1/ ?? Clean trucks being deployed Seeing Zenobē Woolworths with Clean Energy Finance Corporation project as 1 of 3 case studies highlighted in the Report launched by BNEF and Smart Freight Centre featuring? ‘Zero-Emission Commercial Vehicles: The Time Is Now’.??

The report highlights the critical role of investment in the accelerating the deployment of zero-emission trucks and the consensus in the room was that this needs to happen faster. Read more about our Woolworth’s project here .??

2/ ????Financial and Ecological Sustainability hand-in-hand Speaking on a panel with?Tom Reichert CEO at ERM环境资源管理 and Stephanie Perry COO at Avantus KKRs Hudson Yard terrace. The panel brought practical examples showing that financial and ecological sustainability can go hand- in- hand when developed in the right way.?It's why we place so much emphasis on developing the right turnkey packages for our customers combining finance, software and service.?

3/ ?Political will is there Seeing people from both sides of the aisle talk about what has been done and hearing the ambition on what more could be done to build on recent successes made me cautiously optimistic.

4/ ???Finance and Residuals Thx to Patricia Voorhees for the invite. Speaking for the Equipment Leasing and Finance Association about the challenges around vehicle residual values and opportunities for 2nd lives for EV batteries, It was also interesting to learn from other speakers about how the tax credit trading marker grew by 20BN this year which suggests that this market deserves more attention as a source of alternative capital.?

5/ ????Data & Analogies Listening over the cleaning up dinner to Michael Liebreich and his colleague’s journey at (B)NEF, trove and carbon markets, as well as Greg Jackson approach to software at Octopus Energy and discussing how the grid needs more salads, I mean batteries, thx for that image James Basden and Pilita Clark at the Financial Times ??

6/ ????More cross regulator alignment ???? ???? Hearing Ed Milliband talk about how alignment of different regulators with the Clean Superpower 2030 mission will be a key tool to avoid giving with one hand and taking with the other as is currently sometimes the case.

I did wish we had heard more about how we incentivise these regulators and utilities to unlock existing capacity rather than growing their RAB (regulatory asset base on which utilities in some parts of world get guaranteed return) – an approach that would be much more cheaper and quicker?to implement.

7/?? Solar ramp-up and flex Hearing Rebecca Kujawa CEO of NextEra Energy, Inc. at the 麦肯锡 breakfast mention smart dispatch as a generation source next to SMR and Solar shows how far flexibility markets have come - but have a way to go. Hearing about the sectors plan to deliver over 315GW in next 7 years is encouraging but insufficient.

8/??Decisive decade Lots of talk about this being the decisive decade, but not a lot of talk of what to do now. Seeing some of the projections of Oliver Wyman in terms of how little car reduction we might expect more needs to be done. On the power side: Nuclear plants , transmission lines? etc rarely have impact in that time frame but well-designed flexibility, EV buses and trucks, smart technologies and joint-up thinking certainly can. This is where the conversation needs to progress to. Large scale deployment within the decade.?

9/???Climate tech labeling - This seems to become more of a misnomer as different businesses needing different types of capital are smashed together and compared. a $800mm CCS project being compared to a biotextile or an EV charge point operator seems unhelpful for everyone.??

?More needs to be done to define a more appropriate play book for series ABC funding in different types of climate tech. To address the various gaps in the middle people referred to, this will need to be that is different from the mis-applied SAAS to address the various gaps in the middle people referred to.?

• Gap in the middle between raising $1s, $2s and $100s of millions of capital for climate tech?

• Gap in the middle between private equity, VC and infra types of capital?

• Gap in the middle in terms of timing between funding and operating cashflows??

10/ ???? Transparency and speed Bloomberg NEF, EV and storage developers alike, discussing discussed the need for more visibility. To understand the details of EV in actual project deployments on EV, information on load as well asand generation queue infos and? how to get more flexible interconnection contracts like time limited connections -? to shorten and accelerate the backlogs.?