Contrarian initiated Climate Brick alongside Swedish VC firm EQT Ventures.
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Climate Bricksreportidentifies seven key company profiles that exist within climate tech.
These bricks include moonshot companies, like those working inquantum technology, and gigascale companies like those making batteries.
It can be CAPEX intensive, it is influenced by regulatory developments, and has a complex stakeholder map.
Climate change is perhaps the greatest challenge of our time, and technology is critical to solving it.
But to succeed, the world needs to mobilise funding at an unprecedented pace and scale.
Climate tech also requires investors to prioritise long-term growth over short-term gain.
McKinseyestimatesthat humanity must invest at least270 trillion in climate tech by 2050 to meet net zero goals.
That requires a global, coordinated effort on a level never seen before.
It requires a blueprint.
While admittedly ambitious in its scope, Climate Brick couldnt have launched at a better time.
European climate tech startups raised over $20 billion last year, thesecond higheston record.
Climate Brick looks to capitalise on this momentum.
All we need to do is put it into action.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
