A new study was released in @ScienceMagazine today: if we don't cut emissions and stay below 1.5°C, we'll witness 4 critical tipping points: 1) collapse of the Greenland and 2) West Antarctic ice sheets, 3) loss of coral reefs 4) thawing of permafrost
Published in @ScienceMagazine, the study is a wake up call on #climate, if there ever was one. Here's the conclusion:
"Our assessment provides strong scientific evidence for urgent action to mitigate climate change..."
"We show that even the Paris Agreement goal of limiting warming to well below 2°C and preferably 1.5°C is not safe as 1.5°C and above risks crossing multiple tipping points. Crossing these CTPs can generate positive feedbacks that increase the likelihood of crossing other CTPs."
"Currently the world is heading toward ~2-3°C of global warming; at best, if all net-zero pledges and NDCs are implemented it could reach just below 2°C."
At 2°C we have no corals, no major ice sheets, and permafrost melt which releases CH4 and brings more warming.
This work isn't a surprise for many of us in #climate, but it is a healthy reminder of the urgency of the issue, the immediacy of harm, and the extent of damage that we can expect.
If I could roll my sleeves any further to work HARDER on this problem, I sure as fuck would. You?
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Now that our @TechCrunch feature is out, I thought I'd do a 🧵on our experience raising our Pre-Seed in 2021. The press just talks about the 💸but I think other early-stage founders might find value in hearing about the process. It was hard work...to say the least:
For context, we launched @enduring_planet in May out of the Enduring Ventures venture studio. We had a bit of operating $, a superstar board (@SievaKozinsky and @XavierHelgesen), and a pretty solid network.
This was an incredibly privileged place to start. No doubt.
In July, I brought on @eedavi as my co-founder and COO. Erin had a TON of experience in credit (she raised ~$200M with her team at SIMA for 3 funds), is an incredible operator, and...is just awesome.
Every week, I talk to someone looking to transition into #climate from tech. It makes me so damn optimistic.
When they ask me where to look for opportunities, here's what I say:
1. Check out @Climatebase and @climatetech_vc job boards. The community is just starting to exist on these platforms and there are SO MANY AWESOME JOBS
(1) First and foremost, there is incredible innovation happening in the space. The pace at which new #climatetech is entering the market and getting validation is staggering. We are truly at the early days of a New Climate Economy. I AM SO EXCITED 🍿🚀
(2) unfortunately, most #founders in #climatetech don't think holistically about the capital they're raising to finance their businesses. The vast majority (over 90%) are going exclusively after VC, without considering non-dilutive options