- Climate change caused by carbon emissions is astonishing according to a recent assessment by the US government
- Corporations and private investors increasingly back new technologies in response to climate change
- Worry over carbon emissions and the threats it poses globally returns as investors take matters seriously
On April 22, which marks this year’s Earthday, the world confronts the inevitable consequences of carbon emissions. A report by Techcrunch suggests that, in the last nine years since the venture capital investments into sustainable technologies crossed the $6 billion threshold, the problems caused by carbon emissions have intensified.
Time is running out
The world has come to an understanding that there is not much time left to mitigate the damage caused to the global climate by carbon emissions. The agreement has led to climate worries escalating resulting in corporate and even investors increasingly turning to green technology.
Global venture investments startups that are focused on sustainability increased to $9.2 billion – the highest rise since 2010. The reality that is being brought to light by politicians and concerned citizens is that things are getting worse and don’t seem to stop. In the past two years, consumption of gas, oil, coal and other carbon-emitting fuels have risen due to most countries trying to rank highly in the global market. Thus, carbon emissions have become an increasing threat globally.
By the end of the century, an assessment by the US government shows that the cost of climate change as a result of carbon emissions stand at $500 billion annually. This is just the financial report which does not even cover the cost of human life that will be affected or lost due to climate-related disasters.
The Return of Climatic Woes
It has always been known that the adverse effects carbon emissions exist, but it wasn’t taken seriously in the past, or maybe the government couldn’t find an appropriate way to cater for the issue, and so it was set aside.
In the mid-2000s, venture capitals investors among other investors were able to invest in renewable energy focusing on biofuels, solar energy generators and more. This investment promised a lot of returns and at the same time was intended to save the world. However, things didn’t quite turn out as expected due to various issues regarding the scaling of technologies beyond the controls of the laboratory. Investors were faced with complicated and regulated markets resulting in major loses. Now the whole frenzy is back with major companies and investors going back to the drawing board.
Response from the Crypto Space
Since the inception of crypto, issues of energy and electric power have been the most crucial talking points when various states set regulation bills. Now that carbon emissions have been noted to be a growing threat, these laws need to be firm more than ever for the sake of the environment. We can’t just put all our fate in the hands of corporations and private investors.