Silicon Valley and the climate crisis
As the world focuses its attention on climate, we\u2019re looking to the money that could create real change. Venture capital is the type of financing that can take new ideas to the mass market and it\u2019s finally looking to fund clean, green tech. First, to understand how start-ups go about seeking VC funding, Vivienne Nunis hears from founder Diedre McGettrick. Gabriel Kra, of the venture capital firm Prelude Ventures, explains the shift he's seen in low-carbon investing. But Silicon Valley attracts the world\u2019s sharpest minds, so why aren\u2019t more tech leaders coming up with the bright ideas needed to fight climate change? We ask founder-turned-investor, Ben Parr. Producer: Sarah Treanor. Image: Smart farming technology. Credit: Getty Images
Correction: Prelude Ventures invested approx. $125m in the past 12 months, in deals totalling $1.3bn. It didn\u2019t invest $1.3bn on its own, as was stated in the programme.