Future trillion-cap companies should come from climate technology

At present, there are 6 companies with a trillion-dollar market value in the US stock market, and Tesla is the latest member to step into this list. Apple, the world's most valuable company, currently has a market value of about $2.5 trillion, and the second-ranked Microsoft has a market value of $2.3 trillion. Other members of the trillion-dollar club include Google at $1.8 trillion and Amazon at $1.7 trillion.

BlackRock CEO and Chairman Larry Fink believes that the future trillion-dollar companies will come from the field of climate technology. New companies that address climate change will have huge potential. The future 1,000 unicorns, companies with a market capitalization of more than $1 billion, will not be search engine companies, nor will they be media companies, they will be companies developing green hydrogen, green agriculture, green steel and green cement.

Coincidentally, Bill Gates also recently said that there may be 8 or 10 Teslas in the future, but companies like Microsoft, Google and Amazon have no place in the field of climate change.

Achieving net zero carbon emissions by 2050 will require a revolution in the production consumed on everything. The process of making fuel, food and building materials, as well as all human needs, will have to be completely reinvented. This will require a lot of investment, a lot of creativity and a lot of innovation. As you can see, there is a need for investors to put money into climate tech-related areas, and asset owners are looking for investment opportunities arising from this historical transition to carbon neutrality.