Deloitte has announced the launch of its new initiative GreenSpace Tech, which helps accelerate decarbonization through climate technology ecosystems, enabling businesses to select the right technology to help to reduce risk in investments.
GreenSpace Tech provides businesses with access to an ecosystem of climate technologies to develop and deploy climate tech solutions. GreenSpace Tech also helps businesses address climate change risks.
“There is a tremendous opportunity for the business community to lead as we chart a responsible path to a decarbonized economy,” said Joe Ucuzoglu Deloitte Global CEO. “Deloitte is committed to being at the forefront of emerging climate technology to help advance this societal imperative and accelerate organisations’ progress toward decarbonization.”
The International Energy Agency (IEA) estimates global energy investments will need to rise to $5trillion (£4.1trn) by 2030 and remain at this level until 2050 to fully develop the technologies needed for decarbonization. In fact, the IEA found that almost half of the emissions reductions needed to achieve net zero by 2050 will stem from technologies not yet fully developed.
“Collaboration is crucial to successfully unlocking the potential of a decarbonized society,” says Jennifer Steinmann, Deloitte global sustainability & climate practice leader. “GreenSpace Tech allows clients across sectors to swiftly tap into the existing sustainability ecosystem to find leading technology partners and supports organisations in scaling these solutions to help achieve their sustainability goals.”
GreenSpace Tech is Deloitte’s latest investment in the environmental sustainability space, following last year’s US$1 billion launch of the Global Sustainability & Climate practice. Deloitte is already piloting the new service offering with five initial collaborators that span across industries including energy, higher education, and government.
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