NYC Climate Week took place last week and while critics say there was a lot of greenwashing involved, VCs and politicians alike are betting on the industry. The need to reduce carbon emissions is dire, with global emissions rising 6% in 2021, despite many companies’ commitments to cutting their emissions.
Eyes (and wallets) are on the tech world for assistance—Q2 marked a record $882 million in VC fundraising for carbon-cutting startups and companies like Uber are implementing their own tools to mitigate their impact on the climate crisis. The ride-share company launched a new tool for its business clients at Climate Week, allowing them to track the carbon emissions of work-related rides.
Some in the space fear a 2008-esque industry crash — when the financial crisis hit, funds disappeared. Industry veterans are less worried this time. As the folks at Protocol put it, “it feels like you can’t walk a block without tripping over a climate tech founder or venture capitalist looking for the next big carbon-cutting startup,” while the VCs themselves say “There’s too much vested interest to go back to clean tech 1.0.”
We’re relieved to hear that for mother earth and the new climate tech startups in our community, like Bidi Charge.
The rise of EVs has transformed the car industry and parking lots as we know it. Despite increasing demand, more EV chargers are needed, and Bidi Charge is responding by installing EV charging points in areas requested by users. In the future, the platform will also allow you to crowdinvest in charging points and earn returns on your investment.
Lune is helping reduce carbon emissions too by enabling companies to integrate automated emissions calculations and carbon offsetting into their customer experiences. Companies can allow customers to offset shipping emissions at checkout and choose greener ways to pay.
We’re rolling out an updated look to Collections on Product Hunt! See what's new and check out Chris Messina’s collection to see what he uses to level up his Mac experience.
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