Scene-setting presentation by Ann Mettler, Vice-President for Europe, Breakthrough Energy at the 2022 GGSD Forum, Session 1 "Mission-oriented innovation for a net-zero and energy secure future"

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©2022 Breakthrough Energy, LLC. All rights reserved.
Confidential Information – use, reproduction or distribution without written permission is strictly prohibited.
Mission-oriented innovation for a net-
zero & energy secure future
Ann Mettler, Vice President, Europe, Breakthrough Energy
2022 Green Growth and Sustainable Development Forum
22 November 2022
@AnnMettler

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Low-carbon technology recovery funding by sector and technology
2022 GREEN GROWTH AND SUSTAINABLE DEVELOPMENT FORUM
Source: OECD Low-carbon Technology Recovery database (interim version October 2022).
• Approximately 1.2 trillion
USD of recovery funding
• 14 countries (66% of
global GDP, 53% of
global annual CO2
emissions)
• Final dataset will cover 52
countries: Preliminary
results
Note: Preliminary findings

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Major emphasis on transport & energy generation…
little on buildings and especially industry
2022 GREEN GROWTH AND SUSTAINABLE DEVELOPMENT FORUM
Source: OECD Low-carbon Technology Recovery database (interim version October 2022).

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9% of recovery funding goes to R&D and demonstration
2022 GREEN GROWTH AND SUSTAINABLE DEVELOPMENT FORUM
Source: OECD Low-carbon Technology Recovery database (interim version October 2022).
• 9.4% (USD 116 billion) of
total funding is related to
R&D and demonstration
phases of innovation, as
opposed to adoption of more
mature technologies.
• This is a significant
contribution in closing the
USD 90 billion funding gap in
R&D and demonstration until
2030 highlighted by the IEA
Net-Zero Emissions
scenario.

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A significant push for hydrogen, smart grids, and CCUS…
2022 GREEN GROWTH AND SUSTAINABLE DEVELOPMENT FORUM
Percentage of global recovery funding to emerging technologies
Source: OECD Low-carbon Technology Recovery database (interim version October 2022).

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…with hydrogen making big gains
2022 GREEN GROWTH AND SUSTAINABLE DEVELOPMENT FORUM
Total recovery funding to emerging technologies across countries
Source: OECD Low-carbon Technology Recovery database (interim version October 2022).

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But more efforts needed to fill the net-zero investment gap
2022 GREEN GROWTH AND SUSTAINABLE DEVELOPMENT FORUM
Contribution of low-carbon recovery spending to annual investment needs
Source: OECD Low-carbon Technology Recovery database (interim version October 2022).

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Confidential Information – use, reproduction or distribution without written permission is strictly prohibited.
Key takeaways
2022 GREEN GROWTH AND SUSTAINABLE DEVELOPMENT FORUM
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• A substantial amount of public funding – USD 1.2 trillion – has been
targeted at low-carbon technologies in covid recovery packages
– Important gains in transportation and energy generation but industry almost
forgotten
• Overall focus on adoption of mature technologies
– But 9% (USD 116 bn) to R&D and demonstration: substantial contribution to the
IEA RD&D gap
– And strong push for some emerging technologies: hydrogen, also smart grids
and CCUS
• A welcome contribution to investment needs, but a massive investment
gap remains in some technologies
– Complementary policies needed to incentivize private investment, especially in
battery storage, clean fuels, and electricity networks
Source: OECD Low-carbon Technology Recovery database (interim version October 2022).

9. ©2022 Breakthrough Energy, LLC. All rights reserved.
Confidential Information – use, reproduction or distribution without written permission is strictly prohibited.
©2022 Breakthrough Energy, LLC. All rights reserved.
Confidential Information – use, reproduction or distribution without written permission is strictly prohibited.
Thank you