Welcome to our series of articles on the recent Web Summit 2022, a premier event in the tech industry. In this series, we will be highlighting some of the most exciting and interesting presentations, panels, and events that took place at the conference. From keynotes by industry leaders to breakout sessions covering the latest trends and developments in technology, there was no shortage of thought-provoking content at this year's conference. We hope you enjoy reading about the Web Summit 2022 as much as we enjoyed attending it!
Climate tech, a trillion-dollar opportunity
At the 2022 WebSummit, Nick de la Forge (Co-Founder of Planet A Ventures) and Seth Bannon (Founding Partner at Fifty Years) shared their insights on the opportunities offered by climate tech VC. Only in the first half of 2022, $26 billion were already committed to by investors across over 900 companies and startups developing climate tech solutions. This makes it one of the hottest venture capital and private equity sectors, which creates incredible opportunities in terms of both impact and financial returns.
Which climate tech investment(s) should you focus on ?
Serious funding, policy efforts and resources are being deployed by governments across the board to boost the profitability and scaling of sustainability-focused ventures. Renewable energy and climate change adaptation are the trends to look out for. Within the financial industry’s efforts towards a more sustainable future, new technology in those areas will be crucial to curb global warming.
According to the panelists, finally, businesses working to actively reduce greenhouse gas emissions throughout their supply chains will gain a massive competitive advantage in the decade to come. They also underlined the fact that more lobbying in favor of the climate industry will be vital to its long-term growth.
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Minh Q. Tran, minh@mandalorepartners.com