According to a recent McKinsey report, reaching net zero by 2050 could require a 60% increase in capital spending on physical assets compared to current levels. The total investment needed amounts to $9.2 trillion per year until 2050, with $6.5 trillion annually allocated to low-emissions assets and enabling infrastructure. There is a growing demand for zero-carbon technologies that can facilitate global decarbonisation at scale. Breakthroughs in net zero and circular innovation have the potential to pave the way towards a 100% zero carbon future.
As part of our global environmental strategy, Impact Hub is dedicated to supporting green ventures in scaling their solutions rapidly. We achieve this through building partnerships and programs at a global, regional, and local level, focused on addressing environmental challenges in key areas. Our aim is to provide the necessary support for green ventures in our pipeline to succeed.
We actively scout, support, and scale green ventures that are focused on decarbonising industries that are major contributors to greenhouse gas (GHG) emissions, such as renewables, construction, food & agriculture, mobility, and more. We expect these ventures to have clear commitments to achieving zero emissions and adopt circular business models, as we believe this is the most effective way to create positive impact at scale in the long term.
Startups have proven to be successful in scaling new climate tech innovations and have the potential to drive significant market shifts. Scaling these green ventures is of paramount importance for these technologies to match the magnitude of the challenges we face. In this article, we want to share two stories that highlight how the Impact Network is approaching this at a local level while aiming for global impact, in different regions around the world.
Impact Hub Accra (Ghana) | Net Zero Electric Mobility Platform
The Impact Hub Accra team is leading the charge towards e-mobility and sustainable energy in Ghana. Their partnership with Siemens Stiftung has catalysed the production of electric cargo bikes, helping to reduce carbon emissions and make clean mobility accessible to lower-income communities.
Ghana Design Spirit was also organised to find innovative e-mobility solutions for the country’s transportation challenges which is a critical step towards a more sustainable future.
On November 30th, Impact Hub Accra unveiled their Net Zero Electric Mobility Platform. The platform seeks to identify common goals and strategies towards a sustainable mobility future, which can be achieved through collective action.
The Net Zero Electric Mobility Platform for Ghana facilitates collaboration among stakeholders to introduce new technology, build networks, share successful business models and research, and advocate for policies supporting growth in the electric mobility space. Check out this video to learn more about the platform and hear from the Impact Hub Accra team themselves.
Stay tuned to Impact Hub Accra’s news here and here
Impact Hub São Paulo (Brasil) | IdeiaGov
On the other side of the pacific ocean, Impact Hub São Paulo from Brazil is empowering entrepreneur environmental innovation in a similar way by operating IdeiaGov, a São Paulo State Government’s open innovation hub that connects people and organisations with the mission of solving public challenges to generate a positive impact on society.
IdeiaGov aims to tackle cross-cutting and sectoral challenges in São Paulo’s state management that are common to governments in Brazil, Latin America, and the rest of the world. By identifying the root causes that require innovative solutions, the program seeks to foster economic development and innovation through technology. One of the innovation hubs under IdeiaGov is Scipopulis, a company known for its expertise in data analysis and smart cities. Through Impact Hub, Scipopulis received support to validate their Trancity project, which leverages technology and data analysis to help cities transition to cleaner electrical bus systems in line with their Net Zero goals.
Trancity is a real-time platform that analyses historical data on public transport, measuring indicators such as average bus speed and greenhouse gas emissions. By providing precise pollution metrics, Trancity enables public managers to identify which bus lines and areas to prioritise in the transition to Net Zero.
Watch this video where Jessica from IH Sao Paulo and Thayane from the Scipopulis/Trancity project share their collaborative experience and provide a comprehensive understanding of the project.
Stay tuned to Impact Hub Sao Paulo’s news here and here
At Impact Hub, we are committed to creating a just and sustainable world where businesses and profit are used in service of people and the planet. We invite you to join us on this journey towards a better future and stay tuned for more inspiring Climate Action stories that showcase how our community is making a positive impact.
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