The Venture is an original podcast series hosted by serial business builders from McKinsey’s business-building arm, Leap. In this episode of The Venture: Mitigating climate change with venture capital, our Founding Partner Steve Melhuish sits down with McKinsey Partner Andrew Roth to discuss the genesis of Wavemaker Impact, why we chose Southeast Asia as the first of 15 global hubs, and why business model innovation is sometimes more important than technological innovation.
“… a lot of the climate tech investing is going into moonshots and big science … that will take decades to roll out. What do you do in the meantime? You have all the technology you need to reduce emissions by 50 percent already. The challenge is figuring out why some of these technologies are not being adopted… we spend a lot of time trying to validate opportunities where we can deliver these economic benefits using existing technology.”
– Steve Melhuish, Founding Partner
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