How to Cut Industrial Emissions and Dodge the Valley of Death
When it comes to climate tech, “We’re at a really pivotal moment right now in the transition,” BloombergNEF’s Claire Curry says on this week’s Zero.
Bill Gates-backed startup Electra, which makes emissions-free iron, is among those clean-tech startups figuring out how to scale successfully.
Photographer: Chet Strange/Bloomberg
Clean energy technologies saw record investment last year: $1.7 trillion in total. But that’s still short of what’s needed to meet climate goals. And with VC investment now falling, climate tech startups are facing major headwinds; many are at risk of going bust.
That’s not due to a lack of funds, says Claire Curry, global head of technology, industry & innovation at BloombergNEF. “There's actually more money that's been raised by climate funds that hasn’t been spent yet than ever before,” Curry told Zero host Akshat Rathi.