Climate ‘accelerator’ Subak launched
Organisation will help to grow and finance startups that have a focus on climate and climate data
A new ‘accelerator’ for climate-focused startup NGOs called Subak launched today. The scheme aims to select, fund and scale small organisations that can help countries achieve the goals of the Paris Agreement. Organisations will get advice on how to scale up their operations, and Subak will seed fund the organisations and help establish other funding. The model is partly based on the US 'Y-combinator' startup accelerator, which has launched a number of online products including Airbnb, Reddit and Dropbox. Subak is already working with five initial organisations: NewAutoMotive provides data about electric vehicle use with the aim of accelerating uptake. TransitionZero uses satellite data to
Also in this section
17 September 2024
North Sea storage facility verified as safe to proceed after successful pilot phase
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers