The International Energy Agency (IEA) stated in its most recent report outlining the initiatives required to slash fossil fuel consumption and shift to cleaner sources that limiting global warming to around 1.5°C will require investment of nearly $4 trillion annually by 2030.
“It’s a lofty sum – and one that neither governments nor private investors are even close to hitting,” writes Joanna Glasner in this recent Crunchbase News article. “Nor is the venture-backed start-up space likely to capture more than a small sliver of that amount.”
An analysis by Crunchbase of investments in the energy sector, however, revealed that one area – fusion energy – might hold great promise. “Over the past year, the promise of real commercialized fusion energy seems to have fired up some venture and investment firms, which are now placing some very big bets in the space,” Glasner writes.
Click here to read the article.