Climate tech 2.0 still has a one per cent problem via IrishTimesBiz
Emails, ‘lies’, robots and pencils: inside IDA Ireland’s bitter dispute with Terry Clune’s Connect IrelandAnd it is not alone. As concern about global warming rises, climate tech is starting to attract record interest – and funding. Much of this new tech has been on display at COP27, where a series of green hydrogen deals was announced by countries eager to ramp up supplies.
But having hosted the latest series of the FT’s Tech Tonic podcast, I’ve had a minor change of heart. Of course, we have been here before. In the bloodbath known as clean tech 1.0, investors threw some $25bn into start-ups from 2006 to 2011 and ultimately lost more than half their money. That was obvious at COP27, where I spoke to Andrea Fuder, chief purchasing officer at the Volvo Group, one of the world’s biggest truck makers.
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