Bloomberg New Economy

Climate Technology Coalition

About

Launched in 2022, the Bloomberg New Economy Climate Technology Coalition has aimed to identify and rapidly scale the next generation of climate-critical green technologies that will be instrumental in achieving the world’s climate goals. Renewable energy took over 20 years to reach the much needed scale that it has achieved today. Led by a global Steering Committee of established leaders from across sectors and industries, this Coalition has set an ambitious agenda to unlock pathways to accelerate this timeframe to within a decade.

The Climate Technology Coalition is currently in a strategic pause as we monitor the evolving hydrogen and climate tech landscape. Our focus on advancing clean hydrogen deployment remains strong, but we acknowledge that broader adoption hinges on parallel progress in policy, infrastructure, and commercial offtake. We invite you to explore the latest insights in the BNEF 2H Hydrogen Outlook and stay tuned for updates on future Coalition initiatives.

Focus Areas

Initially, the Coalition focused on tackling roadblocks to scale across the clean hydrogen ecosystem. In 2021, investment in hydrogen was approximately $2 billion, which was far from where it needed to be to reach scale. It became clear that investment in hydrogen required hundreds of billions of dollars annually within that decade to meet global climate commitments. Despite global recognition of clean hydrogen’s potential as a cost-effective and scalable technology set to decarbonize many sectors of the economy, it faced many challenges as it rapidly built out a new value chain that had yet to be accepted by the market. The Coalition explored these challenges whilst concurrently identifying similar climate technologies that were critical to tackling the climate crisis during that decade.

Related Reading:

Source: ¹ Long-term Green Scenario, BloombergNEF New Energy Outlook 2021

Roadmap

The Coalition’s work has followed three main phases:

Phase 1: Mapping

Conduct a landscape analysis of the climate-critical technologies that need to be scaled to transition to a low carbon-economy

Phase 2: Solving

Identify solutions and design innovative pathways to accelerate the mass commercialization of these technologies by understanding the current barriers to scale

Phase 3: Action

Catalyze action by mobilizing key global stakeholders across sectors and industries around identified solutions and pathways, rapidly scaling these technologies

Coalition Publications

Scaling Up Hydrogen: The Case For Low- Carbon Ammonia

Scaling Up Hydrogen: The Case For Low- Carbon Steel

Scaling Up Hydrogen: The Case For Low- Carbon Methanol

Press

Steering Committee Members

The Climate Technology Coalition is led by a global Steering Committee of prestigious leaders from across sectors and industries who together have the experience, resources and global influence to drive action to help overcome the barriers needed to enable climate technologies to scale. Over the coming months, the Coalition will invite a group of the world’s leading technologists, researchers, financiers, industrialists, and public sector leaders to complement and accelerate the work of the Steering Committee.