Cleantech startups are racing to solve our biggest net-zero problems

Source: | · BULLFROG POWER· | May 26, 2022

Source: Bullfrog Power

With high-profile companies announcing net-zero targets seemingly every week, you’d be forgiven for thinking that the private sector is leading the charge to reduce carbon emissions. However, the 2021 S&P Global Corporate Sustainability Assessment complicates that notion: while the majority of the 30 largest companies by sector have made net-zero pledges, about two thirds of companies surveyed haven’t set climate targets at all.

If we’re to limit global temperature rise to 1.5°C, the Intergovernmental Panel on Climate Change has called for a 45% reduction in CO2 emissions by 2030 (compared to 2010 levels). With that date looming large and most established businesses failing to even set emissions reduction targets, let alone act on them, it’s clear that companies need help.

One organization’s pain point is another’s business opportunity, and entrepreneurs are flocking to this emerging sector. Cleantech ventures are receiving more funding and publicity than ever before, but they’re also on a tight deadline to get their products and services to market in time to help achieve our 2030 targets.

Cleantech ventures are receiving more funding and publicity than ever before, but they’re also on a tight deadline to get their products and services to market in time to help achieve our 2030 targets.

We spoke to three CEOs and Co-Founders from Earth Tech, an accelerator led by our partners at Climate Ventures, about the current state of cleantech and how startups can help get large companies to net zero. Bullfrog supports Earth Tech through our community projects grant.