A sustained 1.5°C temperature increase from pre-industrial levels, staggering economic losses worth $300B+ in 2021, larger than the GDP of ~80% countries like New Zealand, Portugal, Qatar etc. and the increasing frequency and severity of climate disasters, costing over $1B, underscore the urgent need for proactive measures to mitigate climate risks.
Analysis by the ILO suggests that continued global warming leading to heat stress could result in losses of 2%+ of total working time by 2030, the equivalent of 80 million full-time jobs.
Regulators worldwide are pushing for greater transparency and accountability in environmental reporting, with a focus on carbon accounting and the growing demand for carbon credits to offset environmental impact. Organizations globally are incorporating climate risk as a core tenet of their enterprise risk management framework.
In a world grappling with the escalating impacts of climate change, ClimateTech startups present a promising avenue for driving innovation and sustainability.
As global warming trends continue to accelerate, ClimateTech startups are at the forefront of developing innovative solutions to address climate challenges, offering mitigation strategies, transition pathways, and sustainable technologies to combat climate change and build a more resilient future.
Amidst a competitive landscape, Indian startups have a unique opportunity to carve out a niche in the burgeoning ClimateTech sector. By leveraging local expertise, fostering innovation, and embracing sustainability principles, Indian startups can position themselves as key players in the global fight against climate change.
Through this thesis, we want to share our investment framework on the ClimateTech startups we wish to partner with and we humbly offer our limited perspective of what we believe are important elements to build ClimateTech “enterprises”.
If you are building in ClimateTech and want to brainstorm/fundraise, please reach out to us at reachus@venturehighway.vc