Fellows mentioned in this story: Dawn Lippert

From GeekWire:

zClimate tech investments have been rapidly climbing in recent years, topping $1.11 trillion globally last year, according to BloombergNEF. And the dollars are urgently needed. International experts warn that the window is closing for the world to avoid the worst impacts of climate change.

But the climate tech sector — which includes low-carbon innovation in clean energy, construction, transportation, agriculture and carbon removal — is getting buffeted and bolstered by larger forces at play. The slowing economy threatens the flow of investments while public policy such as the Biden administration’s Inflation Reduction Act and corporate carbon pledges strengthen the field.

So how is this playing out for those writing the checks? We checked in with two leading climate tech funds with ties to the Pacific Northwest.

Elemental Excelerator is a nonprofit that has invested in more than 150 climate startups. The organization recently announced it's increasing funding by $13 million for participants in its upcoming 12th portfolio cohort. And it's offering $30 million in catalytic funding for up to six projects that address community impact.

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