"This is increasingly the case in plastics too, where petrochemicals' corporates must work with packaging, consumer goods' companies and recyclers if their commitments to bioplastics and circularity are to hold water," Besnainou writes in the report. Occidental Petroleum, for example, hasCO2-capture startup Carbon Engineering . CE will capture some of the oil company's CO2 emissions, which Occidental will then sequester underground .
President Donald Trump holds the signed a trade agreement with Chinese Vice Premier Liu He on Jan. 15, 2020.The last major trend Besnainou highlights is a shift in global investment towards European startups, which make up less than a third of the Global Cleantech 100. "We've seen a number of large Asian corporations being increasingly interested in European clean tech and using local funds to get a footing," he said.
One explanation Besnainou offers is political: "This trend and a tumbling deal count in China in 2019 signal the impact of a marked cooling in U.S.-China relations and the difficulty of doing cross-border deals," he wrote.
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