Amid this summer’s scorching heat waves and record-breaking temperatures, the effects of climate change loom larger than ever.
The shifting weather patterns and extreme climate events that threaten our livelihoods, our planet’s natural resources, and our flora and fauna ecosystems, are a stark reminder that we face a daunting task – one that requires collective action.
To confront this existential crisis, we must consider a multidisciplinary approach and weave together the strands of innovation from across industries such as FoodTech, AgTech, cybersecurity, AI, FinTech, and InsureTech, to build new, converging technologies that will help address climate change.
Tapping existing industries presents an extraordinary opportunity to cultivate global leaders in the ClimaTech realm and forge a new fabric for our future.
FoodTech and Agtech: Nurturing a sustainable harvest
In the quest for a sustainable future, the agricultural landscape becomes a pivotal battleground.
FoodTech and AgTech pioneers, armed with technological innovations, possess the power to revolutionize agricultural practices and reimagine our food industries.
For example, advances in fields like precision and biomass fermentation for alternative proteins have yielded companies like Kinoko-Tech, a JVP portfolio startup that is developing high-protein plant-based foods based on fungi fermentation, and Biobetter, which grows insulin and growth hormones inside tobacco plants that serve as bioreactors.
At the same time, the convergence of artificial intelligence and advanced sensors and drones are being harnessed to produce innovative solutions that enable farmers to make environmentally conscious decisions and nurture a sustainable food system.
Our portfolio AgTech company Sencrop, for example, provides micro-climatic analytics that help agriculture professionals optimize for water usage, disease and pest management, and crop development; and Green Eye Technologies leverages computer vision and AI to enable targeted and precise application of agrochemicals, minimizing their environmental impact.
These are just a few of the hundreds of startups and companies in the global FoodTech and Agtech ecosystem that are working to evolve our food sources and farming operations in ways that will have a profound impact on the environment.
The FinTech and InsureTech Revolution: Empowering change and safeguarding lives
Entrepreneurs in the realms of financial technology (fintech) and insurance technology (InsureTech) also hold an immense opportunity in the ClimaTech sphere.
FinTech companies with visionary ideas and cutting-edge platforms will enable corporations and organizations to trade and offset their carbon emissions and meet their sustainability goals.
In the insuretech space too, companies are at a critical crossroads as climate change ushers in an era of unprecedented weather events.
InsureTech companies are increasingly harnessing advanced technologies, such as AI and data analytics, to underwrite customized policies that cover the devastating consequences of floods, fires, hurricanes, and other events.
The convergence of AI and InsureTech can deliver innovative ideas and solutions that provide protection and – where needed – solace for individuals and communities in the face of climate change.
Smart cities: Pioneering urban sustainability
With urban centers contributing over 70% of global greenhouse gas emissions, cities present both a challenge and a unique opportunity for transformation.
AI solutions and other advanced technologies are starting to reshape management services like transportation, water, and energy, as well as municipal responses to urban events.
Cities already gather massive amounts of data. New data-driven solutions can therefore help enhance city living by reducing congestion and carbon emissions, managing transport networks and energy consumption, and enabling efficient allocation of resources.
Companies in the smart cities space will thus play a pivotal role in delivering ClimaTech solutions moving forward.
Fortifying ClimaTech: The shield of cybersecurity
The cybersecurity industry is also primed to converge with ClimaTech.
Safeguarding critical infrastructure and other sensitive systems against potential cyber threats is paramount to avoiding environmental disasters on a biblical scale.
By fortifying technological advancements, we can ensure the secure deployment and operation of ClimaTech solutions, protecting our collective efforts to address climate change.
Building a resilient future, together
The urgency of addressing climate change demands a grand symphony of collaboration and innovation. Industries can draw inspiration from the advancements of others, actively contributing to the overarching goal of mitigating the climate crisis.
Together, we can forge a sustainable and resilient path, transcend the challenges we face, and demonstrate our shared commitment to secure a future for generations to come.
By embracing ClimaTech, can we cultivate a renaissance for sustainable, environmentally-minded solutions.
About the Author
Erel Margalit is the Founder & Executive Chairman JVP and Margalit StartUp City. He recently partnered with BMW-Mini’s Urban-X to establish the International Climate-Tech Center in New York.