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🗞️ Driving the news: At Climate Week NYC, climate-tech startups highlighted their efforts to tackle climate change, but many struggled to secure the necessary funding, leaving investors uncertain about the bankability of these ventures

🔭 The context: Despite the presence of founders, investors, and policymakers, the event underscored a significant gap between the ambitious goals of climate-tech startups and the shrinking availability of venture capital to support their growth

🌍 Why it matters for the planet: Climate-tech startups play a critical role in developing solutions to mitigate climate change, but without sufficient financial backing, their ability to scale and make an impact is severely limited

⏭️ What's next: As funding dries up, startups will need to refine their business models and demonstrate clearer paths to profitability to attract investment and continue their efforts to combat climate change

💬 One quote: "Climate-tech startups might one day help the world stop climate change, but funding for these new ventures is falling very, very short." — WSJ report

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