Friday, November 12, 2021

"VC legend John Doerr says climate change brings economic opportunity that’s bigger than the internet boom"

 From MarketWatch

Venture capital legend John Doerr believes he has solutions for the climate crisis that could be as profitable for the tech industry and its investors as the internet boom.

“This is the largest economic opportunity of the 21st Century,” Doerr told MarketWatch in a Zoom call promoting his new book, “Speed & Scale: An Action Plan for Solving Our Climate Crisis Now,” that he says offers innovative solutions.

For starters, “we can create 25 million jobs” in a clean-energy economy, he predicts.

“Speed & Scale” sifts through enormous amounts of fact. Sprinkled throughout Doerr’s breezy narrative are interviews and mini profiles with a Greek chorus of business all-stars who offer solutions in their respective fields.

“‘I believe Apple will eventually make a vehicle, and a clean vehicle.’”
— John Doerr

General Motors Co. GM CEO Mary Barra discusses electric vehicles for zero-emissions autonomous ride sharing. Beyond Meat Inc. BYND CEO Ethan Brown is there, talking about reinventing the burger with plant-based meat. Alphabet CEO Sundar Pichai weighs in on the largest sustainability bond in corporate history, $5.75 billion in green project financing. Amazon.com Inc. AMZN co-founder Jeff Bezos repeats his company’s pledge to power operations with 100% renewable energy by 2030.

Doerr is convinced big and small tech will break out green economies as profitable business divisions. “I believe Apple will eventually make a vehicle, and a clean vehicle,” he said.

He also cites the vows of Tesla Inc. TSLA, -0.40% and Google parent Alphabet Inc. GOOGL, +0.06% GOOG, +0.31% to run all operations at data centers off zero carbon energy, as well as commitments by Microsoft Corp. MSFT, +0.45% and Stripe to lead markets in removing carbon.

Wait, there’s more, Doerr adds. Last month, Larry Fink, chief executive of investment management giant Blackrock Inc. BLK, +0.71%, predicted more than 1,000 climate unicorns over the next few years developing green hydrogen, green agriculture, green steel and green cement....

....MUCH MORE

Here with further commentary are Ohio's own, The O'Jays: