Browsing by Author "Mertens, Dina Jill Maya"
Now showing 1 - 1 of 1
Results Per Page
Sort Options
- The impact of climate policy on venture capital investments in greentech : evidence from EuropePublication . Mertens, Dina Jill Maya; Corrocher, NicolettaThis thesis investigates the impact of climate policy on venture capital (VC) investments in greentech, addressing a significant research gap. By conducting semi-structured interviews with ten experienced European venture capitalists, the study examines how climate policies influence their investment decisions across various risk dimensions: product market, technology, regulatory, exit, and people risk. Findings indicate that climate policy is a crucial demand driver for greentech ventures, significantly shaping the market size and commercialization prospects. In early R&D stages, government funding through technology push instruments such as subsidies is positively viewed, though high dependency in later stages raises concerns. Regulatory risk is highlighted as the biggest investment risk due to the uncertainty of policy duration and stringency, impacting both early R&D and market diffusion stages. People risk is the only category not impacted by climate policy. The study reveals that the expected exit strategy for greentech ventures differs from that of non-greentech ventures as strategic acquisitions are preferred over IPOs. To conclude, venture capitalists acknowledge that climate policy can catalyze investment opportunities, while the uncertainty of policy continuity remains a critical risk factor.