1. VISION – to see the future of the industry
2. RISK – to commit significant resources over an extended period of time and tolerate and learn from failures
3. Kaizen – The Japanese word meaning “change for better,” and in its ultimate form means a seamlessly integrated organization that can scale an idea quickly, integrate it internally, connect external technologies, and help it grow into a major new business

View the 14-minute keynote or read the next series of articles to learn more.

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In this event DCP Midstream and other industry leaders review decarbonization initiatives they have been leading along with industry opportunities in carbon capture, sequestration, and methane leak management.

Alex Rozenfeld, CIC’s Managing Director, speaks with DCP Midstream and panel of energy investors on the importance of aligned venture capital business models and how regulatory activities will be driving innovation opportunities in the energy transition.

Alex’s session starts about 1 hr 33 minutes into webinar.

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Climate Impact Capital would like to wish you a healthy, prosperous, and impactful 2021. In that spirit, we would like to share some of our year-end thoughts and discuss opportunities for the future.

What will we remember about 2020 when we look back in 10 years? Surely, COVID-19 will top the list with its impact on every sector and corner of the globe. With the continued loss of life for too many and loss of livelihood for even more, there has not been such a global disruption since WWII.

Though, perhaps we will also remember 2020 as a silver lining. In particular, multiple COVID-19 vaccines were developed and deployed in record time, a true testament to the resilience, innovativeness, and determination of many dedicated scientists and organizations. The technical work has been ongoing for decades, but the collaboration between science, investment, and policy to rally a solution to COVID-19 accelerated its fruition.

In 2020, we learned some big lessons in crises preparation and management:¹

URGENCY – Climate change is as present in our lives as Covid-19
SOCIAL JUSTICE – Crises disproportionately affect marginalized groups
INNOVATION – Entrepreneurial tenacity creates needed solutions
TRANSPARENCY – Action and discourse work only if informed by data
COLLABORATION – Policy and investment accelerate global implementation

If we nothing else, the takeaway from 2020 is the value of action today versus the cost of disaster tomorrow. During COVID, we learned the danger of short-term horizons and the risk to the just-in-time supply chain. We narrowly avoided double disasters, globally, with the coincidence of natural disasters during COVID. Considering what could’ve been, we hope in 2021, we realize the gravity of the Climate Change crisis and the need for a swift response today. We applaud the many companies that committed to net zero targets in 2020, but targets 30 years in the future are not a swift response by any measure.

Climate Impact Capital is fortunate to have weathered 2020, and we are applying these lessons to address climate change in a holistic manner before the climate crisis results in an irreversible pandemic from which we may never recover.  CIC’s work exists at this very crossroads – linking science and investment to advance innovation and deployment. The need is global and the ask is huge – solve humanity’s most critical crisis while keeping the global economy afloat and uplifting marginalized populations.

And while the challenges may seem too big to overcome, we have many opportunities within our grasp.  We believe that the energy and venture capital industries can move quickly to a new COLLABORATIVE model to (re)build a sustainable infrastructure for the future and to create a pathway to social justice and climate impact in this decade. Our “unlikely” partners include oil & gas, power utilities, OEMs, and private/public capital. Together, we can work towards resiliency and sustainability in three major connected areas of what we see as the future circular economy:

• • Mobility: Developing (1) global scale transportation solutions through ammonia and hydrogen and (2) local consumer mobility options through EVs and charging infrastructure
  • Power: Integrating building energy systems with EVs and developing low-cost regional renewable generation that optimizes the low-medium voltage infrastructure into a resilient smart grid
  • Heavy Industry: Combining cement, steel, and petrochemicals with CCUS technology for high-value products that will build smart grid and mobility solutions

CIC’s work advances innovation strategies connecting these areas and diverse stakeholders. We are hopeful 2021 will bring more collaborative efforts and accelerate our mutual goal to create climate change resiliency. Reach out to us to discuss how we can work together.

With Best Wishes,
The Climate Impact Capital Team

¹ Klenert, D., Funke, F., Mattauch, L. et al. Five Lessons from COVID-19 for Advancing Climate Change Mitigation. Environ Resource Econ 76, 751–778 (2020)

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Mission Of Power Of Collaboration
The Annual POWER OF COLLABORATION Global Summit at the United Nations brings together the world’s most diverse, inclusive and innovative ideas, inspiring global leaders to collectively pursue endeavors that embody the best of our human values. ​ At the core of the summit goal is ​private and business sector engagement and partnership in driving sustainable solutions toward inclusive and equitable economies.

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We talk about the past, present, and future of clean energy, including clean tech’s place within the oil and gas industry. Alex talks about how decreasing waste and increasing efficiency and in the food industry and in energy production can potentially have wide-reaching benefits.

He also talks about how energy companies have reduced methane leaks and are researching methods to reuse various emissions from power plants. Continuing on the topic of carbon reuse, we dicuss carbon nanotubes and other modern products of carbon materials engineering. We also speculate on self-driving cars and their potential advantages and disadvantages.

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Combating and adapting to climate change is a lofty goal and though the global track record on positive impact is all over the map (literally), we see collaboration as the key to meaningful progress. Recognizing that pro-active organizations will survive and thrive, many of you are already on your journey and some of you will embark in this new decade. In either case, we hope to join you and to collaborate with you in 2020! Below, we highlight some of the major climate & energy trends of the last 10 years and share our outlook for the new decade. We hope you will engage with us as we work together to create the bridge to the low-carbon future.

2010s: The Decade of Disjointed Acceptance
In the 2010s, most of us agreed on climate change science and accepted that action is necessary. Globally, we witnessed emerging nationalistic sentiments, putting self-interest above the greater good. Climate consensus led to only fragmented actions toward (somewhat) mutual climate goals. In the midst of geopolitical turmoil, protesting (climate) inaction, greenwashing empty action, and public rioting against expensive action confused us, scared us, but most of all, pushed us to expect more. What happened in the 2010s:

• • Fracking: The shale boom boosted the role of gas in the global economy, made the USA into a net energy exporter, and caused coal to downturn domestically.
  • Energy access: Developing nations vowed to increase energy access, and major health concerns from urban air pollution directed this push largely toward clean energy.
  • EVs: Hybrids and all-electric vehicles emerged and became a must-have sales item for all car manufacturers. We think this trend will continue, with all sectors moving towards EVs and abandoning ICEs altogether by 2030.
  • Renewables: Technological advancements in renewable power lead to the dropping cost of wind and solar, making clean energy portfolios (and the obsolescence of coal in the short term and natural gas thereafter) a solid bet for the future.
  • Big data: Data became a valuable currency with IoT allowing data aggregation, analysis, and insights on a monumental scale. Its unregulated distribution, though, left consumers feeling a loss of privacy.
  • Extreme weather: The world faced 100-yr and 500-yr weather events on a scale never-before-seen. The increased prevalence of mega-storms tested infrastructure and readiness, which in most cases, did not hold up.

2020s: The Decade of the Climate Emergency
In a true prediction of the next decade, Oxford Dictionaries declared ‘climate emergency’ the word of 2019. We expect that there will finally be a worldwide declaration of a “climate emergency,” and public and private organizations will commit to climate action plans, incentives/regulations, and other substantive change. With the passing of some major scientific milestones (we say goodbye to 1.5*C and recognize that 2*C is a bullish goal), adaptation will become an equal focus with mitigation. What we expect in the 2020s:

• • Resiliency: There will continue to be an increase in mega-disasters, creating climate refugees across the globe. The new conversation will focus on resilient and robust strategies against these weather extremes. We anticipate that decentralization of energy will help to avoid another PG&E 2019. Renewables and storage-based microgrids with demand-side management will become prevalent around the country, particularly in areas that are vulnerable to extreme weather, and a standard in developing countries, bringing reliability and lower costs
  • Asia: Developing countries will see the most growth in the next decade and face some of the most significant impacts of climate change. We expect that Asian countries will emerge as leaders in green technology, creating technological advancements and opportunities for implementation at scale.
  • Sensing: Data went largely unchecked in the last decade, and we expect that in the next 10 years, consumers recover control of their data through sensors to track their usage, efficiency, and information in real time. C&I customers also embrace this trend more widely to extract more useful insights from smart devices across operations and supply chains.
  • Advanced chemistry: The waste crisis created an awareness of materials, their origin, and their lifecycle. In the 2020s, we expect that advanced materials will be critical with the growth of new technologies for the low-carbon economy. We anticipate an intersection with the carbon story to push CO2 utilization and overall carbon value creation to new levels.
  • Accountability: Governments and individuals will continue to blame large corporations for the climate emergency. There will be an uptick in climate-related company bankruptcies and moves to become public benefit companies. The opportunity for pro-active companies in the new energy economy is significant; action can help to avoid litigation and to create new business opportunities.

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