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Climate tech (ie hardware and software solutions) is a bad fit for VC money outside of carbon accounting software (which adds little value) benefits. As well t
by boringg 5y ago
Climate tech (ie hardware and software solutions) is a bad fit for VC money outside of carbon accounting software (which adds little value) benefits.
As well this direct air capture is slightly better than CCS (read: pretty bad) but is also a red herring in terms of climate solutions that will provide a lot of value. I say this because large amounts of money will get diverted into this kind of investment that hasn't proved to be particularly successful but has an easy to understand narrative.
- jherdman 5y ago> Climate tech (ie hardware and software solutions) is a bad fit for VC money outside of carbon accounting software (which adds little value) benefits. Can you elaborate on this assertion?
- murph-almighty 5y agoI think what OP is saying is that documenting the amount of carbon released into the atmosphere does nothing to actually remove it, and hence is of little value to anyone except whoever invested in the company and makes money licensing the software.
- boringg 5y agoExactly - while it does allow for measurement where the likely candidates are for scope 1, scope 2 and scope 3 emissions it doesn't do anything to actually solve the problem (which is a hardware problem). That and there are way too many people who are now building carbon accounting software and the benefits that will accrue to it (similar to greenwashing). If only we could get some people to work in areas where there was real world impact instead of LP returns :)