Climate Tech Updates

Updated: Dec 13, 2021

Take a look at the updates we spotted in the climate innovation ecosystem last week (23.11.2021 - 30.11.2021)





Funds


💶 Copenhagen’s newest VC firm, Kompas is launching a $160 million fund that is specifically looking to back US, European, and Israeli early-stage startups in the real estate, construction, and manufacturing sectors aiming to reduce waste and CO2 emissions. Going in at Seed and/or Series A rounds, the typical ticket size is expected to range anywhere between $1 million to $5 million.



Launches


👠 Project Cece, built and launched by its female founders in 2017, is expanding to offer European shoppers an alternative to fast-fashion platforms. Based in Amsterdam, the platform has already expanded to Germany and the UK, and the founders want to take their mission for sustainable fashion to more countries.



🤳 On a mission to become the number one app for sustainable living, London-based Treeapp just released its latest feature - the Treeapp Marketplace. Users can now discover sustainable brands and purchase more responsibly.






Open calls


📣 The Circular by Design Challenge connects creative minds with technology, manufacturing and traditional industry to kick-start the development and market launch of new circular products, services and digital solutions. The second edition of the Circular by Design Challenge is on track, and candidate companies have until 3 December to apply!



Milestones


🇵🇹 Portugal shut down its last remaining coal plant, ending the use of the polluting material for electricity generation, becoming the fourth country in the European Union to do so. The move comes nine years before Portugal's targeted end of the use of fossil fuel by 2030. The process began in 2017 when the country signed a declaration to exit coal use at COP23.



⛽ New homes and buildings in England will be required by law to install electric vehicle charging points from next year, the prime minister has announced. The government said the move will see up to 145,000 charging points installed across the country each year. New-build supermarkets, workplaces and buildings undergoing major renovations will also come under the new law.



Events


🔬 Are you a bio-based business? Schedule one-on-one digital meetings within an international network of producers, suppliers, investors and financiers, brands and buyers, and academia, researchers, and government bodies. Register here for your 2 FREE meetings at World Bio Market Meetup - the digital meeting place for the global bioeconomy.



👩‍🌾 Join EWA Networking Online Event 2021 to become a member of an entrepreneurial community and discover possibilities for your business development. This platform is dedicated to all European women, who are willing to make our food system more sustainable and healthy with new products and services.




Research


☀️ The lab of Aditya Mohite of Rice University’s George R. Brown School of Engineering discovered that sunlight itself contracts the space between atomic layers in 2D perovskites enough to improve the material’s photovoltaic efficiency by up to 18%, an astounding leap in a field where progress is often measured in fractions of a percent.






Interesting Stuff


✈️ Air taxis have long been the stuff of science fiction. But they could become part of our daily lives within a few years. The first flying taxis are expected to start operating in Europe by 2024, according to the European Union Aviation Safety Agency (EASA). A report by Frost & Sullivan estimates that the number of air taxis could reach 430,000 worldwide by 2040. However, this technology is not yet mature and air taxis require a rethink of urban infrastructure and flow management.





🔋 In the wake of COP26 the spotlight is on climate change, and the energy sector is central in finding the solutions. The industry is driven by the Three Ds: decarbonization, decentralization, and digitization. The latter’s role is becoming increasingly central in solving the complex problems in the former two – and startups and VCs are playing a leading role. Check the results of a research conducted with industry experts to better understand how the industry is now, and where it’s headed.



♻️ After decades of assumptions that the shift to renewable energy will be a financial burden, economists and analysts are increasingly making a case that the opposite is true: The transition will lead to cost-savings on a massive scale that will add to its momentum. A recent paper by University of Oxford economists and mathematicians finds that a rapid transition to renewable energy would lead to global savings of $26 trillion compared to the costs of maintaining the current energy mix.




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