Amrith Ramkumar of The Wall Street Journal reports on the pressure that green startups face to make climate advances.
- Last year around 1,200 green tech startups raised a record $45 billion.
- These startups include energy storage firms such as Energy Vault and battery companies like Freyr.
- Private sector financing and innovation are key to accelerating clean technologies.
“Whether or not investors turn a profit, the cash could jump-start the transition away from fossil fuels if companies achieve breakthroughs for longstanding challenges in areas such as energy storage, sustainable products and supplies of raw materials.”
Read the full article here.