Climate change in the world is causing companies to create new business opportunities due to constraints of climate change. Constraints have always been a driver for disruptive innovation. Whether the business is electric vehicles (EV), pollution, or clean energy, climate change has been disruptive in how these businesses operate. The European Union this month ring-fenced 35% of the research budget for clean technology. Targeting climate, businesses may gain value instead of minimizing risk with disruptive innovation. While targeting problems such as emissions, it allows businesses new opportunities.
If Climate Change was not as serious as it is, do you think businesses would innovate on their own? What if conventional vehicles did not pollute as much, would companies like Tesla work so hard to produce an EV that is environmentally safe? I think climate change is the disruptor for electric vehicles, and beneficially forcing companies to find a way to innovate and create a product that is not as harmful. To be fair, electric cars have been around since the 1800s, if climate change wasn’t the disrupter would the push to EV’s be as big?