How VCs are killing climate tech — and how they can save it
Sustainability tech has been all the buzz in the last few years. Investors are hunting promising ESG businesses, governments are pushing ambitious legislation, and companies are getting on board to adopt new solutions. Sustainability funding is projected to reach unprecedented levels, with BCG Henderson Institute estimating accumulated global investment to achieve net zero to hit $75 trillion by 2050. And yet, behind the curtain, the picture isn’t quite as rosy. According to Statista, VC investment in sustainability and climate tech has been steadily declining since 2021. While AI startups often manage to secure funding rounds within mere weeks, sustainability-focused companies…This story continues at The Next Web [...]
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