Cycle Capital Management is putting up money and coaching resources to help bring more clean technology startup companies to the market. The venture capital firm launched its Ecofuel Accelerator program this week.
Canada can continue to exploit its vast oil and gas reserves while at the same time doing its part to limit global temperature increases to 2 degrees Celsius, according to a report released at last week’s Climate Summit in New York. It won’t be business as usual, however, with the Canadian economy requiring steep emissions reductions across the entire economy, says the Deep Decarbonization Pathways Project (DDPP).
The opening day at Climate Week in New York last month had two main purposes. First it was to highlight the efforts governments are taking to combat climate change and secondly to demonstrate that there is business buy in. One issue that received far less attention was innovation and how new products and services will give consumers better weapons to do their part.
There are no tradeoffs and compromises when it comes to the environment and the economy. That was one of the main messages to come from global giants Apple and IKEA last week when the heads of the two companies appeared during the opening day of Climate Week in New York.
The science around climate change is near unanimous, and now the business case around the viability of investing in energy efficiency and other climate friendly projects is there too. According to figures released at Climate Week in New York on Monday, the internal rates of return (IRR) for these types of projects make them not only viable but can represent significant drivers for economic development and job growth.