OK so I need to address it, and here are my thoughts on that slap!
The slap that is the Climate Change crisis unfolding in front of our eyes. It’s shocking and it’s causing irreparable damage.
- The Great Barrier Reef is suffering its fourth mass bleaching since 2016
- Antarctica recorded a new World Record for the largest temperature excess above normal
- And Northern NSW regions that have only just cleaned up from flooding are flooded again.
But there is hope. And an abundance of support as well as investment for climate solutions.
Here’s Climate Salad’s updated list of Climate Tech ecosystem supporters and investors, with over $2B in funds to deploy for solutions to our climate crisis.
You may also have heard about the SEC’s move to make climate-related risk disclosures mandatory. There have been voluntary disclosures for a while now, there’s even a Taskforce on Climate-Related Financial Disclosures introduced by the one-time Presidential candidate Michael Bloomberg.
Similarly, companies have been stepping up their commitments to climate action.
The growth of businesses signing up to the Science-Based Targets Initiative increases by 65% p.a. and has since 2015. Companies committed to reducing emissions now represent $24T in revenue (30% of global GDP). However, this latest move is significant as it will shift the dial for the late adopters who worry not just about climate-related risks but also the climate-related rules that they must abide by. There is a pipeline of demand for climate tech solutions, so get ready.
To find out more about Climate Tech startups, what Climate Tech investors are looking for and what they want to avoid, join us at our Melbourne Climate Tech Showcase this Wednesday, April 6.