Climate Tech 360 Project Drawdown - time is more important than tech
Dr. Jonathan Foley discusses the time value of carbon and the importance of taking immediate action on climate change. He emphasizes the need to prioritize solutions that can be deployed now rather than waiting for long-term technological advancements. Dr. Foley highlights the mismatch between investment and carbon reduction, urging investors to align their capital with low-carbon solutions. He also discusses the role of technology in various sectors, including electricity, industry, transportation, buildings, and food and agriculture. Dr. Foley calls for more investment in technologies that monitor and improve supply chains, reduce waste, and promote regenerative agriculture. He discusses the Drawdown Capital Coalition, which aims to provide science briefings and deep dives on important climate topics for impact investors and philanthropists and emphasizes the need to focus on areas that have been neglected or where the hype is ahead of the science, such as deforestation and methane emissions. He concludes by urging the deployment of existing solutions and the importance of time in addressing climate change.
Takeaways
The time value of carbon is similar to the time value of money, emphasizing the importance of taking action on climate change now rather than waiting for future solutions.
Investors should prioritize solutions that can be deployed immediately and have a significant impact on carbon reduction.
There is a mismatch between investment and carbon reduction, with a disproportionate amount of funding going towards technologies that are not effective in addressing climate change.
Technology plays a crucial role in sectors such as electricity, industry, transportation, buildings, and food and agriculture, but it should be focused on solutions that monitor supply chains, reduce waste, and promote regenerative practices. The Drawdown Capital Coalition provides science briefings and deep dives on important climate topics for impact investors and philanthropists.
The low-hanging fruit for addressing climate change includes tackling methane leaks, stopping deforestation, and improving efficiency.
Mentioned on the podcast
Project Drawdown Capital Coalition
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Guest: https://www.linkedin.com/in/jonathan-foley-182808b9
Email us: info@climatetech360.com