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Climate tech innovation must be scaled to reach net zero

Climate tech

Climate tech innovation requires scaling and cross-sector collaboration to unleash the potential of decarbonisation technologies.

Scaling up climate tech is key to reduction potential of climate technologies, says AI company BrainBoxAI.

 “We absolutely need greater cross-sector collaboration to overcome the barriers that impede the rapid adoption at scale of climate innovation and to realise the full value of the 14 cents of every venture capital dollar spent on climate tech,” said Sam Ramadori, ceo of BrainBoxAI.

“We must collectively think about real, concrete ways that we can motivate adoption at scale, particularly in the traditional sectors of our economy that account for an important part of global GHG emissions, but that have not been accustomed to rapid innovation changes. This is the only way we can achieve the United Nations’ objective of reducing emissions by 45 per cent by 2030, reaching net zero by 2050.”

BrainBox AI joined MaRS Discovery District, Resilient LLP, KPMG, and other prominent Canadian climate innovators at COP27 at a panel discussion titled ‘Innovative Approaches to Accelerating Cleantech Adoption’. The session, in the Canadian Pavilion, highlighted the importance of inclusiveness, collaboration, and coalition-building as features of some Canadian programmes designed to effectively scale and speed up the adoption of low-carbon innovations.

Tyler Hamilton, director of ecosystem, Cleantech at MaRS said: “Cleantech is one of the core sectors we work with in our drive to empower Canada’s most promising innovators to make global connections. At COP27, we are collaborating with BrainBox AI to drive positive economic and environmental impact and help address some of the world’s most pressing problems.”

BrainBox AI was invited by ABB to appear at an energy efficiency panel at COP27. The company spoke about accelerating energy efficiency in the built environment, alongside the World Green Building Council, the International Standards Organization, and others. Sam Ramadori spoke alongside leading contributors including Morton Wierod, president of ABB Electrification.

Morten Wierod, president of ABB Electrification said, “There is no denying that now, in this decade, must be the time for faster action to accelerate the transition to net zero. Our attendance at COP27 is geared towards supporting this transition and highlighting how we can address the world’s energy challenges through improved energy efficiency and safe, smart, and sustainable solutions. Much of the technology to achieve this is already available, but it requires more commitment, investment, and collaboration to fully optimise. Innovation also has a key part to play, and we look to partners like BrainBox AI with fresh ideas and approaches to achieve the sustainable future we all need.”

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