Take a look at some interesting updates we spotted in the climate innovation ecosystem during the last week (02.11.2021 – 09.11.2021).
Open calls
💶 F10 is currently looking for international early-stage startups in the areas of Fintech, InsurTech, and Sustainable Finance for the next F10 Incubation program which starts in February in Zurich.
🎟️ Since July, Carbon13 has invested over £1M into eight startups built on Cohort 1. Cohort 2 began in September and 26 ventures so far have been created by over 60 founders. Cohort 3 will begin on 26 April and applications are now open to become one of 50 founders working to reduce emissions through scalable ventures.
Funds
💰 Investment giant BlackRock announced that it has raised $673 million for its Climate Finance Partnership, targeting investments in climate infrastructure for developing markets, to help accelerate the global transition to a net-zero economy.
Ecosystem
✈️ Rolls-Royce is joining forces with Qatar to build a science and engineering campus in the United Kingdom. The partnership will develop green technology start-ups accelerating the aero-engine group, Rolls Royce, to its drive towards net zero.
👠 The fashion industry produces 10% of the world’s greenhouse gases and is under pressure to clean up its act. Sifted looked for startups who could help tackle this problem and then curated a list of fashion sustainable startups.
🤝 Sifted has created a list of sustainability and climate tech-focused VCs — highlighting the active ones with big funds — so you can get to know them a bit better.
🇪🇺 Check out the 25 startups tackling climate change ahead of COP26, handpicked by Europe’s biggest VCs.
Launches
🗑️ In an effort to turn the challenge, around food waste, into an economically-feasible business opportunity, the Romanian startup bonapp.eco launched a mobile B2C app for purchasing food close to its expiration date.
💨 Carbon Gap, a new climate NGO focused on making Europe a leader in Carbon Dioxide Removal through policy advocacy and ecosystem building has been launched.
Milestones
⚡ The London School Of Economics and Political Science (LSE) has become the first UK university to be independently verified as carbon neutral having reduced direct emissions by 44% since 2005, following a £4.8M investment in energy efficiency.
Interesting stuff
🐄 Methane makes up about 10% of human-caused greenhouse gas emissions and 27% of that comes from the burps of ruminant animals, such as cows. Take a look at this real-world experiment that cuts methane in cows by more than half.
🙎🏻♂️ According to Liam Halligan the only way to shift away from mankind’s still overwhelming reliance on fossil fuels is to be technologically savvy, not the Cop26 method. He sees green hydrogen as the holy grail as it is produced by splitting water via electrolysis, with the electrolysis itself powered by renewable energy.
