From CleanTech (2000’s) to ClimateTech (2020’s) – an industry is coming of age
In the early 2000s, concern around rising energy prices tied with rising emissions led to a wave of venture investors piling into cleantech almost overnight. Then unforeseen forces, such as advances in fracking and China’s manufacturing prowess, drove energy and solar PV prices way down, causing high-flying cleantech startups to topple one by one. What are the learnings? And what is different in the current new dawn of Climate Tech?