New tools for bold climate action
When it comes to combating climate change, political leaders must urgently translate bold promises into action. The governmental departments tasked with driving transformation across the economy need new tools. Just as official support once helped scale the internet and sparked the digital revolution, so too will it catalyze growth in climate-tech innovations. This is where Emerald works with governments on specific mandates to help meet their innovation goals.
The Technology Fund we manage on behalf of the Swiss government is a prime example of how we partner with a government to foster local innovation. It is a public credit guarantee scheme (PCGS)—essentially, a government backstop for bank loans to startups and small and medium-sized enterprises. As the world’s only PCGS with an explicit mandate to reduce greenhouse gas emissions, it sits squarely within Emerald’s realm of expertise. The Swiss government relies on Emerald’s deep knowledge of the complex science driving climate-friendly transitions in energy, chemicals and more to maximize impact within a defined risk profile.
This model has already shown clear results: the Technology Fund’s portfolio has reduced a combined total of 8.5 million metric tons of carbon dioxide equivalent (data from 2014-2022). It now serves as a model for PCGSs across the globe.
Reach out to us to find out more about how we can help with your clean- and climate-tech fund.