Innovation, Climate Change & COP26

New Initiatives at UN Climate Change Conference in Glasgow









                                Source:  COP26 & Stock Images

VC Money Pouring into Climate-Tech Startups

At the United Nation's Climate Conference COP 26 in Glasgow, world leaders have renewed their vow to accelerate the fight against Climate Change in a concerted and united fashion.  The remedies include cutting greenhouse gas emissions to zero by 2050, implementing a $19 billion plan to end deforestation by 2030 and investing in innovative, new technologies to fight Climate Change.  Fortunately, VC money has already started pouring into the climate-tech innovation sector.

Climate Cash

Investments in climate-tech startups during the first 3 quarters of 2021 are already 30% higher than in all of 2020.  It amounts to $32 billion.  While that $32 billion is only 6% of all VC money invested this year, it is rapidly growing.  The types of climate-tech include electric vehicles, new battery technology, electric mobility, charging infrastructure, fleet electrification and a lot more.  

Rivian

A great example of investment recipients is the EV manufacturer Rivian which raised nearly $3 billion in this quarter as the largest climate-tech deal.  Lithium ion battery maker SVOLT raised $1.6 billion.  In all, 61 climate-tech companies have gone public or been purchased so far this year.  That is double the number of deals in 2020.

Climate Pressure and Big Climate-Tech Potential

Global pressure is intensifying on nations to do something hugely impactful to reduce climate change.  In the United States alone in 2020, there were a record 22 severe weather, massive wildfire and other climate change events that have wiped out $billions in value.  On the other hand, some experts believe the new climate-tech startups will produce more than 1,000 companies worth $1 billion or more.  From 2013-2019 returns on investments in climate-tech companies averaged 5-times higher than other VC funded companies.  Experts say investors could reap up to $150 trillion in returns by investing in climate-tech companies over the next 30 years.  To take a look at many innovations with investment potential go to https://read.amazon.com/kp/embed?asin=B09K6TJ8YX&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_H2GQAFCZCHXFTNZESANB


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