Heather Clancy writes in GreenBiz on climate tech companies.
- Climtech refers to climate risk management firms, supply chain tracking startups, and many other climate tech companies.
- In 2021 climate fintech startups raised $1.2 billion, three times the amount of previous years.
- This past February New York-based FloodFlash, a company that models flood risk and insurance payouts, received $15 million in Series A funding.
- Climate tech is an emerging sector of the economy that will make a meaningful difference in reducing greenhouse gas emissions.
“It’s still early days for climate fintech. After all, that $1.2 billion I referenced earlier is just a tiny sliver of the $60 billion in funding for climate tech writ large during the first half of 2021. But there are other signs that interest in the intersection of climate change and finance is growing. In late February, the University of Birmingham in the U.K. added accounting for climate change into its mainstream accounting and finance degree program.”
Read the full article here.