It seems like every day we read about environmental disasters. On top of that, the economic outlook looks grim.
The good & the bad: Fortunately, analysts say “Funds are still pouring out money to climate tech startups.” BUT “The reason why there may be a lack of investment is because there just may not be enough startups.”
We’re happy to highlight one today. Tred is a new banking app that actively reduces your carbon footprint by planting trees every time you spend with their card. You can also track emissions to better understand your footprint, discover tips to be more environmentally friendly, and receive discounts at 70+ eco-brands.
While scientists say that massive tree planting projects are just part of the puzzle, tree planting can help offset current emissions and draw out CO2 emissions that have lingered in the atmosphere. What’s the community saying?
“I have been using my Tred card for months now and think it is brilliant. My aim is to use it for all my day-to-day spending and move away from Monzo.”
How to help: Tred joins startups we’ve seen in the last year that help reduce impact on our environment:
- Wren lets you calculate your footprint and fund projects that save the planet
- Watershed helps companies act on their carbon footprint through their supply chain
- Capture helps you track and reduce emissions for your everyday choices like travel and food
The silver lining: Phoenix's rise from tough times and we’re hoping to see makers find time and inspiration for new projects that tackle emissions. You can keep tabs with us by following Climate Tech launches here.
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