A new analysis from Accenture, Betting on Science; Disruptive Technologies in Transport Fuels, identifies 12 technologies that have the potential to be gamechangers, disrupting fossil fuel demand and reversing course on the disastrous climate changing trajectory that we are on. And, the report says, they could do it within five years.
But rather than simply cheering on these exciting developments, Accenture goes a step further and does a complete analysis of each one’s chances in the marketplace and legislative incentives; because the challenge of moving past fossil fuels can’t be left to the invisible hand.
The report assesses both the level of private venture capital available to move these disruptive technologies into the market in each country but, more importantly, it also analyzed each country’s political legislative landscape to determine how these ideas can gain the traction they will need to make it to market.
More than 100 companies and interviews with 30 leading scientists are in the full report. Their global team uncovered the key challenges in economically bringing these technologies to market and gave sample trajectories for commercial viability.
Each of these disruptive technologies:
- Reduces fossil fuel use by 20%.
- Reduces carbon emissions 30%.
- Can be commercially viable in less than five years.
- Can be competitive at an oil price of $45 to $90 at the commercial scale.
While all 12 technologies are in development today, they may not all be successfully brought to market by VC funding alone. Governments will have to increase their input to make the transition to a carbon economy.
Accenture divides the 12 technologies into 3 groups: evolutionary improvements, revolutionary improvements and game-changers.
Read on over the next pages to see all 12.