Five ways software will accelerate sustainability in the next five years
Technology services company DXC Technology (NYSE:DXC) has identified five software applications that will accelerate the sustainable transition in the next five years.
Technology services company DXC Technology (NYSE:DXC) has identified five software applications that will accelerate the sustainable transition in the next five years.
The potential that tech has to fight the climate crisis is still a work in progress, and the industry must make sustainable products and services a priority, writes Wes van den Berg, vice president, UK&I at Pure Storage.
Nordic environmental impact platform Milkywire has raised over $5 million in 2023, from nine companies including Spotify (NYSE:SPOT) and Klarna, to support climate projects focussed on contributing to global net zero, beyond offsetting.
EcoSmart Solution has developed a technology that leverages Earth’s consistent subterranean temperatures to create zero-energy-capable communities.
A new accelerator, Breathable Cities, has launched in London to seek out UK startups improving air quality in cities and urban neighbourhoods.
Africa is becoming a significant target for venture investors in climate solutions: climate tech is now the second largest funding stream in sub-Saharan Africa, while a new venture capital firm, Equator, has launched a fund to invest in early-stage climate tech startups.
Venture capital funding for climate tech startups has slowed to its lowest pace in nearly three years, with its third quarter of falling investment. This is a concern for an industry that, until recently, had managed to weather the economic storm.
New Energy Risk (NER), a wholly owned division of Paragon Insurance Group, will provide technology performance insurance for adopters of Green Circle’s plastic recycling solution.
In partnership with ESG advisory and software company Rho Impact, venture accelerator Brinc plans to help startups to calculate the emissions reduction potential of their chosen technology.
The collapse of Silicon Valley Bank (SVB) may have a short-term impact on climate tech startups, slowing down innovation and making it difficult for companies to secure funding. The long-term prospects for the industry remain strong as other investors step up to fill the void left by the SVB, writes Loes van Dijk, founder and chief executive of LoudLaw.