Climate Entrepreneurship
The market can be a powerful driving force for net-zero goals.
MACA's Entrepreneurship group is designed to support entrepreneurs in building the businesses our world needs to address climate change. We proactively work to accelerate the implementation of pragmatic climate solutions and technologies in the real-world context. MACA’s entrepreneurship group is designed to help entrepreneurs take on business challenges such as capital, risk mitigation, infrastructure, people, education and culture in our solutions and ventures. Our goal is to trigger and support a thriving ecosystem of climate solution entrepreneurs and ventures, all working on the practical implementation of the climate technologies laid out in the MACA Roadmap.
The global climate tech market size was valued at USD 20.43 billion in 2023 and is projected to grow from USD 25.32 billion in 2024 to USD 149.27 billion by 2032, exhibiting a CAGR of 24.8%. North America dominated the global market with a share of 36.76% in 2023. Climate tech encompasses technologies and services aimed at decarbonizing the global economy. These innovative solutions, developed by market players, leverage advanced technologies to combat climate change by removing carbon from the atmosphere, curbing future emissions, and bolstering resilience against its impacts. In the United States, the Inflation Reduction Act has authorized $61 billion in climate funding to be awarded for more than 6,100 projects (excluding loans, direct government spending, and tax credits) through September 5, 2024. It is estimated that the IRA has just over $33 billion (or 35 percent) in remaining funding, not including federal spending, loans and tax credits. In addition, European regulations and rapidly advancing understanding of the climate threat is driving the sustainable solutions market globally.
The climate tech investment market has been experiencing significant growth and momentum in recent years. As the urgency to address climate change increases, investors are recognizing the potential for both financial returns and positive environmental impact. Climate tech investments encompass a wide range of sectors, including renewable energy, energy efficiency, sustainable transportation, carbon capture, and more. It has been a challenging environment for venture capital in 2023, with overall investment in climate tech falling 14.5% to $41.1 billion. The MACA Entrepreneurship group’s goal is to support climate entrepreneurs in accessing start-up and operating capital, providing introductions to customers, and creating advisory and networking opportunities between our members.
The MACA entrepreneurship group is seeking your input to help us define what resources we can collectively bring to bear to help solve the climate crisis. Please click button to fill out the survey form.
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