World Nano Foundation backs investing in technology to accelerate Race to Zero campaign
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LONDON, May 7, 2021 /PRNewswire/ President Biden s Race to Zero to reduce carbon emissions is underway, and go-ahead companies are jockeying to deliver emerging tech solutions to win it.
Leading nations including the USA (2
nd biggest carbon emitter globally), UK (17
th), France (19
th), and South Korea (8
th) have committed to reaching net-zero by 2050. The world s No1 emitter, China, has committed to net-zero by 2060. The International Energy Agency forecasts 2021 carbon emissions will be the second-highest ever recorded annually.
World Nano Foundation backs investing in technology to accelerate ‘Race to Zero’ campaign
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As capital pours in to climate investments, Congruent Ventures closes on $175 million for early-stage bets
Congruent Ventures, the early-stage investment firm focused on technologies and services designed to avert the current climate emergency, has raised $175 million in financing for its latest fund.
The firm, which now has $300 million in assets under management, is focused on investing in pre-seed, seed and Series A rounds and was founded by Abe Yokell and Joshua Posamentier, two longtime investors in the climate space with over 20 years of experience investing in the sector.
“With the dawn of a new administration dedicated to infrastructure [and] climate and a long-overdue influx of capital toward pressing global issues surrounding climate change, we cover the gamut with a portfolio of over three dozen companies working in transportation, energy transition, food and agriculture to sustainable production and consumption,” Yokell wrote in an email.