What funds we’ll have: green venture capital
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 24 November 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
The boom-and-bust of environmental-technology investing has settled out, and money is flooding in—both individual and institutional. We examine the green fields that lie ahead. Many Arab countries have long been suffering an exodus of medical professionals—a problem only magnified by the pandemic. And a reflection on the life of Jonathan Sacks, a tirelessly unifying British rabbi. For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. |
| 0:07.0 | I'm your host, Jason Palmer. |
| 0:10.0 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:17.0 | At least nine Arab states fall below the World Health Organization's benchmark of 45 doctors, nurses and midwives per 10,000 people. |
| 0:27.0 | We examine the exodus of trained medical professionals from the Middle East, just when they're needed most. |
| 0:34.0 | And the rabbi Jonathan Sacks was officially leader only of a small orthodox minority. |
| 0:41.0 | But in practice Gentiles viewed him as the spokesman for all of Britain's Jews. |
| 0:46.0 | We look back on the life of a man whose efforts to unify faiths stretched far beyond Judaism. |
| 0:53.0 | But first... |
| 1:00.0 | America has been notably absent from the global climate discussion in recent years, but with the election of Joe Biden, things seem set to change. |
| 1:09.0 | America's President-elect has pledged to rejoin the Paris Agreement on day one of his tenure. |
| 1:15.0 | I will rejoin the Paris Accord. I will join the Paris Accord because with us out of it look what's happening. |
| 1:21.0 | Yesterday he appointed former Secretary of State John Kerry as his climate envoy. |
| 1:26.0 | Mr. Biden has laid out a plan to spend nearly $2 trillion on green-minded policies. |
| 1:32.0 | Of course, it's not only government cash that can play a role in decarbonizing economies. |
| 1:37.0 | Venture capitalists are pouring in too, spurred on by success stories such as Tesla's. |
| 1:43.0 | At the electric car makers socially distanced annual shareholder meeting last month, its boss Elon Musk underlined the role of technology. |
| 1:52.0 | In order to do well financially, you really need economies of scale and you need the best technology. |
| 1:59.0 | And I think we had the best technology for a while, but now we are also achieving economies of scale. |
| 2:05.0 | But green tech bets have been a mixed bag for investors in the past. Slipping timelines and underwhelming performance, |
| 2:13.0 | fed a cycle of boom and bust in the early 2000s. These days though, things seem to be on a sure footing. |
| 2:20.0 | Green Veg Capital is going through somewhat of a revival. |
... |
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