The key to this is the use of the so-called Climate Performance Potential (CPP) as an important early indicator for financing. This is pretty good for a single company, although the scale of the problem is enormous, as global emissions need to be reduced by 2030 in order for the planet to have a chance to escape 1.5 degree warming. The World Fund aims to save 2 gigatons of emissions by 2040 – this corresponds to 4% of all global emissions. Cities consume more than two thirds of the world̵ħ s energy and are responsible for more than 70% of global CO2 emissions. As we have seen, the built environment contributes enormously to CO2. The fund, launched by Ecosia, will focus on energy, transport, food and agriculture, manufacturing and buildings. How did you build a fund of this size so quickly? Well, it contains over 60 investors, including current and former European technology founders, but also very few institutional LPs, which is why it could be included in such a relatively short time. World Fund claims its largest in Europe dedicated Air conditioning technology VC. That’s why the World Fund, a new Climate Tech VC with a € 350 million fund, is launched today aimed at start-ups developing technologies that can help decarbonize the planet. Last year, in March 2020, just before the world collapsed amid the pandemic, this network got together and decided that enough is enough: a new VC fund was needed to tackle the climate crisis in other ways. The founders of Ecosia and the network around them take climate change much more seriously than this superficial assessment suggests. You may have thought earlier that Ecosia was a nice search engine that plants trees when you type in a search term.
0 kommentar(er)
