Rules of capitalism need changing to move the needle in the fight against climate change, said Yoann Berno, a partner at the Nordic investment firm Climentum.
“Unfortunately, our leaders, political leaders, are too short-sighted. They’re just responding to this crisis as they responded to COVID. As they will respond to the next crisis, I think it would be a great moment to pause, reflect, and then choose the course - to be a bit more visionary looking 10, 15, 20 years out, now is an opportunity to do it. Unfortunately, they’re just losing this opportunity,” he said.
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Climentum launched in July 2022 a 150 million euro fund for investments in climate startups. It has invested in Continuum and one.five so far.
You can hear more of Berno in his Climate Insiders podcast.
In the NatureBacked podcast of Single.Earth, Tarmo Virki talks with investors and entrepreneurs about their vision of the new green economy.
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