> For the complete documentation index, see [llms.txt](https://wiki.oikos-international.org/sustainable-finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.oikos-international.org/sustainable-finance/interviews/lessons/innovation-and-climatetech.md). # Innovation and ClimateTech ### Key information Technology is unlikely to be the silver bullet that many people hope it will be, however innovation will be a key contributing factor to achieving necessary climate goals. A McKinsey report found that 40% of required emissions abatement could come from technologies that are still being developed, so watch this space! #### ClimateTech ClimateTech is a sub-sector of technology companies which are focusing on developing and/or utilising technologies to combat climate change. Companies in this space are attracting significant investments from venture capitalists (VCs) who are early-stage investors, giving capital to risky start-ups in return for equity in the company, in the hope that it will grow. Some of the most successful and impactful ClimateTech companies include: * **Nature's Fynd -** Using their fermentation technology they turn fungi into dairy and meat food substitutes, using a fraction of the water, land and energy resources of animal protein sources. * **Prometheus Fuels -** Has developed a tools to filter atmospheric CO2 and turn it into a viable net-zero fuel that can compete with fossil fuels. * **Volocopter -** An electric powered air vehicle designed to operate as an air taxi, reducing cars on the road. {% hint style="success" %} [Crunchbase](https://www.crunchbase.com/home) is a great resource for finding exciting start-ups, check it out and see if you can find a ClimateTech firm that you think will see financial and environmental success! {% endhint %} ### Our favourite video {% embed url="" %} ### If you want more {% embed url="" %} {% embed url="" %}