This continent has the research, innovation, and political awareness to lead the world in the fight against climate change. “Europe urgently needs to stop continuing business as usual, relying on the continued use of fossil fuels.
This is because “only companies enabling a decarbonized world can become the most valuable companies of the next decade,” the VC fund added. Each company that the World Fund invests in will need to prove that it is capable of cutting greenhouse gas emissions by a minimum of 100 megatonnes CO2e per year, the VC fund said.
In order to track this objective, one of the key metrics to follow is the so-called “Climate Performance Potential” (CPP). The CO2 emissions need to be reduced by 50% before 2030 in order for the planet to prevent 1.5 degrees of warming, which represents a difficult task. The climate crisis continues to be one of the most pressing issues in the world. Ecosia has a separate project that has so far yielded 136 million planted trees globally. The World Fund’s target is to save two gigatons of CO2 emissions by 2040, which represents 4% of all global emissions. A special focus will be on the climate change fight within cities as they consume more than two-thirds of the planet’s energy. The focus will be on providing startup funding across sectors like energy, transport, food and agriculture, manufacturing, and construction. The VC fund claims to be the largest tech fund of its kind in the world. Some of these include current and former tech startup founders from Europe and several institutional Limited Partners (LPs). More than 60 business investors provided capital for the VC fund. The newly-launched “World Fund” will focus on entrepreneurs and startup founders around the world who have innovative business ideas to tackle climate change and help decarbonize our planet. Target: Save 2 Gigatons of CO2 Emissions by 2040 Search engine Ecosia has recently announced it has launched a new venture capital (VC) fund that has raised €350 million ($406 million) in funding.
0 kommentar(er)
