TLDR:
Key Points:
- VC investors need a 1.5 degree Celsius goal for responsible tech.
- Rize secures $14 million to reduce emissions and improve livelihoods for rice farmers.
Article Summary:
Artificial intelligence, quantum computing, and robotics are transforming industries, requiring a focus on responsible tech. To align with the 1.5 degrees Celsius goal for climate, VC investors and limited partners need to establish processes, incentives, and alternative investment models. The 1.5 degrees Celsius threshold serves as a guide for climate-positive innovation and penalties for negative externalities. Rize, a startup, secured funding to reduce the environmental impact of traditional rice cultivation practices by implementing sustainable farming methods. Meanwhile, global banks provided over $700 billion in financing for fossil fuels, indicating a retreat from climate pledges. VC investors are urged to establish a north-star metric, integrate responsible practices, and develop alternative investment models for the tech ecosystem.
