Why climate technology solutions are a must-have in the emerging world

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If you have been following the climate news in Nigeria, you’d know that this year's flooding has impacted 31 out of the 36 states across the country. In Bayelsa State where I live, the impact of the flood significantly affected every spheres of livelihood, even causing mobile network operators to go offline for several hours multiple times in the past few weeks. Not to mention the lives and properties that were lost, and the millions of people displaced across the country.

While the flood is now receding and life is gradually coming back to normal, it behooves leaders around the world, particularly in Africa to act with urgency towards climate changes. Hopefully, the COP27 Climate Summit in Cairo, Egypt which ended this weekend will spur countries that are not investing in climate change efforts to take responsibility and prepare better for the future.

A key take away for me was the commitment by the United Nations for a $3.1 billion plan to ensure everyone on the planet is protected by early warning systems within the next five years.

Let's also hope that countries would commit to the breakthrough agreement to provide “loss and damage” funding for vulnerable countries hit hard by climate disasters. But most importantly, it would be interesting to see how they commit to promote climate technology solutions in developing countries.

Tech leaders are also keen to make their mark in the climate change issues, and this story about a Luxembourg-based climate tech-focused venture capital firm which announced the first closing of its fund, with a EUR30 million (~$29 million) target size, and plans to invest in climate-focused tech startups in Africa, is a good read.

What happened in startups, innovation, and technology this week? Continue reading The Draft by Techloy to find other top stories and deals we tracked this week across emerging markets and the rest of the world.

To a climate-friendly world!

- Yeboah, Tech Reporter at Techloy.com