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The future of climate tech after the fall of SVB - San Francisco Examiner

San Francisco Examiner · last updated

The future of climate tech after the fall of SVB | Climate Change | sfexaminer.com
This was poised to be a pivotal year for climate tech. After weathering a difficult political environment under the Trump administration, a global pandemic that upended the world’s supply chain, a bout of layoffs and the crash of crypto, many companies were looking to both the venture capital world and the federal government’s Inflation Reduction Act to shore up their missions to help save the planet from catastrophic warming. But then, one of the major funders of climate tech collapsed. Silicon Valley Bank, the largest financial institution to fail since the 2008 financial crisis, worked with more than 1,500 in the climate tech space. At the start of 2022, the now-defunct bank pledged to provide at least $5 billion in financing by 2027 to this sector alone.

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The worst of the wind and rain was behind San Francisco on Wednesday, but the impacts on public transportation were not The man was reportedly acting erratically at a Starbucks just before the collision occurred, according to police

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