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Like the 2008 financial crash, the climate crisis is a tech growth opportunity

Climate crisis tech
Image credit: Toa55 / Shutterstock

The climate crisis is not just a looming disaster—it’s also the next big business and tech opportunity. A study of over 100,000 businesses found that those that invest in environmental, social, and governance (ESG) activities are associated with greater revenue growth and EBITDA margins.

Moreover, a recent report by McKinsey reveals financially successful businesses incorporating ESG activities into their growth strategies surpass their competitors, as long as they also excel in fundamental performance.

In the same way, businesses that stayed committed to innovation during the 2009 financial crisis came out stronger, surpassing the market average by over 30% and achieving rapid growth in the following three to five years.

Just as the financial crash led to groundbreaking innovations in fintech, the climate crisis is set to spur a wave of technological advancements that will drive growth and create new market leaders for those businesses that adopt them....