Equity What’s more venture capital than space lasers?
Sep 13, 2023
Tim De Chant, a senior climate reporter at TechCrunch+, dives into the world of climate tech and the startup landscape striving to address urgent environmental issues. He discusses the challenges of securing venture capital despite promising innovations, like battery recycling and fusion energy breakthroughs. The conversation touches on the excitement around recent experiments with superconductors and space-based solar power concepts, showcasing hopeful pathways for renewable energy amidst troubling climate transformations.
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Planet's Health
- The planet is not doing well, with extreme weather events increasing in frequency.
- Wildfires, floods, and droughts are becoming more common, signaling climate change's impact.
IRA's Impact
- The Inflation Reduction Act (IRA) is significantly impacting climate tech in the US.
- It incentivizes domestic manufacturing and aims to reduce carbon pollution by 40% by 2030.
EU's Surprise
- The EU was surprised by the US approach of using "carrots" instead of "sticks" with the IRA.
- The IRA provides incentives for domestic manufacturing, contrasting with the EU's carbon market approach.