Three social ventures have received backing from the Indian Institute of Technology Kanpur. The school in the northern India state of Uttar Pradesh made the investments from the Rs 7.5 crore ($1.5 million) INVENT fund. The startups include Decentrik Technologies, which develops mobile water stations; Promorph Solutions, an edtech provider; and Prosoc Innovators, which designs products
Bioengineering venture Cool Planet raised $100 million in 2014 to build its biofuels business. But as falling gas prices made biofuels less competitive, the Greenwood Village, Colo., shifted its focus to soil enrichment biochar. Its Cool Terra product sequesters carbon and enriches soil, boosting crop yields by nearly 15 percent, the company says. Cool Planet is
Climate Finance Belu has donated $2.5 million in profits to WaterAid’s clean water projects. Bottled water is the scourge of many environmentalists, but the U.K.-based bottled water company Belu has cultivated a different reputation. Belu launched in 2010 as a carbon-neutral, environmentally and socially conscious water business. The company releases an impact report every year.
Climate Finance Fund managers and investment advisors are increasingly attracted to the stable yields from investments in sustainable agriculture, forestry and water. “Capital markets like boring,” writes Credit Suisse’s Fabian Huwyler in his report on last month’s Conservation Finance conference. Investor interest is growing for sustainable and organic agriculture, sustainable forestry, land management and water investments
JanaJal will expand its Indian network of ‘water ATMs’ with a $5 million investment from Tricolor Cleantech. JanaJal launched its low-cost water ATMs in 2013 in train stations and other public spaces to allow people to buy water with cash or top-up cards. The ATMs, which can dispense up to 20 liters, are now in five
Each year, eight million tons of plastic ends up in the ocean. Without a shift in consumer and commercial behavior, by 2050 there could be more plastic matter in the ocean, by weight, than fish. Earlier this week, we reported that recycling plastic represents as much as $120 billion in annual revenues and spotlighted some
Climate Finance https://medium.com/media/d220e332a6a971fb81a90d8d6c00c739/href “Our clients are looking for these opportunities, and we are learning from and are encouraged by the innovation and measurable market growth,” Camilla Seth, executive director of JPMorgan Chase & Co.’s sustainable finance unit, said in a statement. A couple years ago, environmentalists were excited that $5.1 billion had been invested in