Growing awareness of the actual impacts of climate change, such as record-low Antarctic sea ice levels and increasingly unpredictable weather, is driving investment in climate technology startups. Which areas are growing the fastest?

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Sectors such as green mining and energy-efficient buildings reached record transaction values in the third quarter of 2023. This is a sign of growing investor interest in sustainability. As recognized by scientists and entrepreneurs worldwide, green energy technology solutions respond to actual needs.

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At KOIA, we have been involved in climate technology projects such as Claims Carbon from the beginning and invest in such technologies. This is a significant area, not only from a business perspective but also from an ethical and social one. Technology is here to improve our lives, and caring for our planet is a top priority to make that happen.

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We keep abreast of the latest trends and developments in the industry and actively contribute to them. In this article, we share our observations and thoughts on the development of the climate tech industry.

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Green Mining and Energy-Efficient Buildings

Green mining is an approach that aims to minimise the environmental impact of mining activities through various innovative practices and technologies. It uses technologies that reduce the amount of energy needed to extract and process minerals and reduce greenhouse gas emissions. It also involves using mining methods that are less invasive to the environment, such as using more precise technologies to locate deposits.

Example: Start-up company MineSense is developing solutions for more precise mineral extraction. Its technology uses sensors and real-time data analysis to more accurately distinguish and classify mining materials directly at the mining site.

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Energy efficiency means designing, constructing, and operating buildings to minimise energy needs. The key aspects that architects and engineers consider are adequate thermal insulation, sustainable energy sources, and intelligent building technologies that enable more efficient use of resources such as electricity and water.

Example: Nexii focuses on producing building materials with a significantly lower carbon footprint. Their product, Nexiite, mimics the properties of concrete but is produced with a lower carbon footprint.

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Software as decarbonization technologies

Various technological methods and processes aim to reduce or eliminate carbon dioxide (CO2) emissions into the atmosphere. They are a vital component of strategies to combat climate change by reducing the carbon footprint of industrial activities, energy, transport, and other sectors.

These can include solutions that optimise resource use, help businesses become more sustainable, and help identify anomalies and risks associated with, for example, excessive CO2 production or the use of environmentally harmful substances.

Example: One of our team's projects is exactly a decarbonization technology. The Claims Carbon Institute is a forward-thinking organisation transforming the insurance sector with a sophisticated SaaS platform. Their tool enables insurers to analyse and manage claims-related greenhouse gas emissions, supporting the shift towards sustainable, net-zero insurance practices.

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Direct capture of carbon dioxide from the atmosphere

This technology allows CO2 to be removed directly from the atmosphere and safely stored or used in various industrial processes. Special equipment uses chemical or physical processes to capture and concentrate CO2. Reducing CO2 emissions to a safe level for the planet is almost impossible. Capturing this compound from the air is another step forward, an attempt to reverse the harmful changes caused by human activity.

Example: Climeworks is a company that develops modular devices to capture CO2 directly from the air. Their technology removes carbon dioxide from the atmosphere, which can then be used in industry or permanently sequestered underground.

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‍Direct capture of carbon dioxide from the atmosphere

This technology allows CO2 to be removed directly from the atmosphere and safely stored or used in various industrial processes. Special equipment uses chemical or physical processes to capture and concentrate CO2. Reducing CO2 emissions to a safe level for the planet is almost impossible. Capturing this compound from the air is another step forward, an attempt to reverse the harmful changes caused by human activity.

Example: Climeworks is a company that develops modular devices to capture CO2 directly from the air. Their technology removes carbon dioxide from the atmosphere, which can then be used in industry or permanently sequestered underground.