

Existing frameworks, such as those developed under Mission Innovations Net-Zero Compatible Innovation Initiative, provide guidance for companies at the forefront. Durable packaging, refrigeration and food processing can all help to prevent food waste. We are transitioning from growing volume to growing value. "More companies have closed rounds in the last four weeks than in the previous three months," Lippert added, declining to be specific.

There remains huge potential in deploying and scaling up existing technologies through business model innovation and, especially, digitization. Over the past two years, guided by data underscoring the severity of the climate crisis, venture capital firmslong associated with the cleantech movement have refined their investment criteria to recognize the long-term, systemic risks that global warming poses to the economy and to humanity. Four characteristics combine to distinguish deep tech from other fields of R&D: The biggest challenge for incumbent companies looking to invest in new solutions is developing the capability to reimagine and rethink problems. Carbon pricing is a critical lever, but to have maximum impact, prices need to be set at the right level and uniformly applied.
