Webrain Reports Archive
#224 – Climate Tech:
Digital Transformation (DX) for Earth
Climate change is a serious problem that is happening now, not in the future. The World Meteorological Organization (WMO) has reported that extreme weather events have increased five-fold in the past 50 years, and that the economic losses from extreme weather events during 2010-2019 amounted to about $383 million dollars per day. PwC's 2021 report indicates that investment in Climate Tech is expected to be $87.5 billion between late 2020 and early 2021, with a record of $60 billion invested in Climate Tech in the first half of 2021.
Major tech companies have been aggressively launching funds to support Climate Tech. For example, Amazon has established a $2 billion Climate Pledge Fund to support carbon removal technology and electric vehicle (EV) innovation, and Microsoft has established a $3 billion Climate Pledge Fund to accelerate carbon reduction and removal technologies.
This Webrain report examines eight categories related to climate technologies: Climate Intelligence, Climate Insurance, Carbon Offsetting, Carbon Accounting, Climate Friendly Building, Energy Storage, Carbon Capture, Materials Science, and Waste Reduction, while also discussing how these technologies are being used in various industries. Finally, we also discuss the concept of “Regenerative” beyond “Sustainability” as a management approach required for leading companies.