Intelligent CIO Europe Issue 36 | Page 71

INTELLIGENT BRANDS // Green Technology

New report identifies 55 high-impact climate technology projects

Capgemini Invent , the digital

innovation , consulting and transformation brand of the Capgemini Group , has released a new report highlighting 55 clean technology projects that can speed economic recovery and help ensure Europe can meet its greenhouse gas emission goals over the coming years .
Entitled Fit for Net-Zero : 55 tech quests to accelerate Europe ’ s recovery and pave the way to climate neutrality , the Capgemini Invent analysis serves as a guide for policymakers and investors and offers actionable projects for deploying the European Commission ’ s € 750 billion recovery fund to help transform Europe ’ s economy and set it on course to be the world ’ s first net-zero continent by 2050 . The study was commissioned by Breakthrough Energy , a network of entities founded by Bill Gates and the world ’ s top tech and business leaders , to speed the transition to a clean energy future .
The report investigates and analyses existing and future technologies in five interconnected economic domains : energy ; buildings and construction ; industry ; transport ; and food and land use . Capgemini Invent engaged eminent innovators , entrepreneurs , corporate strategists and policymakers to help identify and examine more than 200 potential projects , each with differing levels of technological maturity , to assess their transformational potential and readiness for investment support .
Based on this research , Capgemini Invent identified 55 high-impact technologies most likely to deliver transformational results at speed and scale . Composed of projects and investments distributed across the innovation cycle and by economic area and maturity , these quests have the potential to create an annual market of net-zero goods and services totalling up to € 790 billion of gross value added per year , reduce emissions by 871 MtCO2 and create nearly 13 million jobs by 2030 through both new jobs and the transformation of existing ones . Over time , every € 1 invested in this portfolio of clean technologies is expected to generate € 9 of future turnover in European markets by 2050 . These projects could also help improve air quality , food safety and increased energy independence for Europe .
Ann Mettler , Senior Director of Breakthrough Energy , said : “ This research clearly shows that a step change in clean tech innovation is needed to reach net-zero emissions by 2050 . Many promising climate technologies are in the pipeline but now need to be scaled – quickly . This requires Europe to go beyond its strength in research and science and put equal emphasis on development and deployment . The best innovation will have limited impact if it remains stuck in a lab . That is why this report examines in great detail 55 examples of the best and most cutting-edge clean technology quests around Europe . They can provide a solid basis on which Europe can regain global technology leadership , help solve the climate crisis , and lay the grounds for a sustainable and job-rich recovery .”
Cyril Garcia , CEO of Capgemini Invent and member of the Group Executive Board , said : “ Our work for Breakthrough Energy confirms that Europe ’ s clean tech revolution can be as significant as the digital revolution and plays to Europe ’ s core industrial strengths and leadership .” •
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