The next big wave—a peek

Transition to net zero requires huge, massively transforming, and extensive technology execution across verticals. This will, in turn, generate numerous opportunities for individuals to float unique startups in
Various domains.

According to a McKinsey report, zero can be achieved by 2050 if expenditure on physical assets is reduced by 60% compared to 2022. It would entail investments of around US$9.2 trillion every year until 2050.

Of this, US$6.5 trillion would be invested in equipment with minimal emissions and in expanding the right infrastructure.

Certain technologies will be crucial on this road to transitioning to net zero. They include wind and solar photovoltaic (PV), apart from renewable technologies, EVs, heat pumps, etc.

Startups have taken the initiative in many markets to drive clean-tech businesses. Others can also take the cue from these companies to float enterprises.

Many thought leaders encourage individuals to establish green businesses on a large scale.

When McKinsey collaborated with organizations that established green businesses, it recognized opportunities for exponential growth of climate-tech companies. It all depends on how green business startups plan and grow at the pace of digital enterprises to achieve net zero.

Source: mckinsey.com