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Planet A Ventures comes out of the door with a €160M European, science-backed climate fund

The firm has now has closed its first fund at €160M to back founders tackling the world‘s largest environmental problems. The Germany-based VC aims to take a novel “science-based” approach. It has engaged a full science team, to which it will hand the power of veto over investment decisions. The in-house science team will conduct “life cycle assessments” as part of its due diligence into a startup. If startup the fund is looking to back doesn’t have a significant positive impact on the environment, then the deal won’t go through. Investors in the fund include BMW, KfW Capital (a large development banks), REWE (one of the largest German retailers), the Danish state's investment fund Vaekstfonden/EIFO and serial entrepreneurs such as Rolf Schrömgens (Trivago), Maximilian Backhaus (HelloFresh) and Rubin Ritter (Zalando). ....

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How green lobbyists helped drive unprecedented EU climate action

The green lobby is increasingly exerting influence over EU policy. But are politicians listening hard enough? ....

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Flowing Sewage, Bewildering Signs, Lack of Water: COP27 Faces Logistics Nightmares

The U.N.’s flagship annual climate summit, known as COP27, has encountered several problems in its opening days. ....

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How can VCs invest in biodiversity?

Biodiversity loss is a critical part of the climate crisis, but the methods for investing in protecting it are far from established. ....

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Germany contributes 30 million euros for health in East African Community

ARUSHA, Tanzania – The Federal Republic of Germany today signed an intergovernmental agreement with the East African Community (EAC) to support regional health programs.
ARUSHA, Tanzania – The Federal Republic of Germany today signed an intergovernmental agreement with the East African Community (EAC) to support regional health programs. In total, 30 million euros (34 million USD) will be invested in vaccines and health supply chain management.
German development cooperation will provide 20 million euros for the procurement of vaccines against different diseases for children in the EAC. The program will be implemented in collaboration with GAVI.
This new commitment will bring Germany`s contribution to regional immunisation programs with the EAC to 60 million euros since 2012. Earlier in 2015, Germany hosted the record replenishment of the global vaccination alliance GAVI. As a result, an additional 300 million children will receive live-saving vaccines, including ....

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