The biggest challenge for most climate solutions is finding a market. That means displacing existing carbon-intensive products that are often cheaper and just as good, such as fossil-fuel powered airplanes or emissions-intensive steel.
Breakthrough Energy, an organization led by Microsoft Corp. founder Bill Gates, is working with nonprofit CDP to address that problem. The goal, says CDP adviser Paula DiPerna, is to speed up innovation.
“We lost time in developing technologies like solar because there wasn’t enough money,” she says. “We can’t really squander more time.”
Early stage capital, such as venture funds, are growing in size and helping startups...