The village lightsmith5/20/2023 ![]() RMSI Cropalytics focuses on providing data analytics to support Indian agricultural stakeholders to make decisions.The SOURCE® Hydropanel provides an off-grid solution to obtain drinking water. SOURCE aims to tackle the global drinking water crisis through harvesting water from ambient air.AUMSAT provides precision agriculture technologies and has developed a tool to map and predict groundwater availability for farmers in drought-stricken contexts.Their solar powered portable fridge supports healthcare centres and remote communities and has the potential to reach over 30m people across Africa. Drop Access, who through their VacciBox product offer cold storage solutions for medicine and food.A showcase of adaptation and resilience solutionsĪs part of the event, Neil Walmsley, Global Head of International Markets, Climate KIC, introduced a showcase of startups offering adaptation resilience solutions for countries in Africa, Asia, and Latin America, all which came from cohorts mentored and supported by the Global Resilience Partnership, Climate KIC, The Lightsmith Group and the CDC Group. Thirdly, there is a need for a coalition approach to bring together digital finance and adaptation and resilience stakeholders. Secondly, companies need to assess their core capabilities and break down the silos that sustainability teams sometimes face. Firstly, there is a need to look across the spectrum beyond mitigation and explore the intersection of Environmental, Social, and Governance (ESG) criteria and the Sustainable Development Goals (SDGs). Rosita Najmi, Head of Global Social Innovation, PayPal, shared three key recommendations based on the Framework for Action developed by the Digital Finance for Climate Resilience (DF4CR) Task Force. GRP also runs innovation competitions to help surface, test, and scale resilience solutions. He highlighted the GRP Incubator approach, which since its inception in 2015 has provided mentoring and scaling support to 38 resilience initiatives and innovations. There is a need to take a systems approach in identifying adaptation and resilience solutions, added Jesper Hornberg, Lead Innovation and Scaling, Global Resilience Partnership. As part of the event, he announced the launch of their partnership with Village Capital to accelerate twenty-four SMEs and startups in Africa, Asia, Latin America and the Caribbean that will each work closely with industry experts, investors, and ecosystem partners. ![]() He shared the example of Climate Adaptation SME Accelerator Project (ASAP), which aims to identify, integrate, and accelerate small businesses in developing countries that are developing adaptation and resilience solutions. ![]() Jay Koh, Co-founder & Managing Director, The Lightsmith Group, agreed to the need to tackle the challenge of identifying the emerging adaptation and resilience solutions providers. He gave the example of the Rallying Cry project, a platform for African women entrepreneurs at the forefront of climate adaptation that aims to create connections with the investor community and provide access to capital. This challenge was echoed by Jorim Schraven, Director Strategy, FMO, Dutch Development Bank, who shared the need for a landscape approach to business identification and support. However, identifying those that are specifically tackling adaptation and resilience is challenging as companies do not necessarily self-identify as providing climate solutions. Identifying business solutions contributing to climate adaptationĪround the world, new businesses are continuously emerging. As early-stage companies are increasingly coming to the fore, Nick set the scene for the panel conversation by highlighting the commitment of the CDC Group to increasing the innovation support for adaptation and resilience solutions. This sector is emerging against a backdrop of global warming already locked in by historical emissions and in the context of uneven geographic and demographic vulnerabilities. Nick O’Donohoe, CEO, CDC Group, opened the session by emphasising the need to support entrepreneurship and innovation in developing solutions to climate change adaptation and resilience challenges.
0 Comments
Leave a Reply. |