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Giving Compass' Take:
• This Eco-Business post details The Liveability Challenge, which asks entrepreneurs all over the world to find solutions to runaway climate change.
• Are competitions the best way to drive innovation? Which clean energy ideas have proven to be the most effective and scaleable?
It is the biggest challenge humanity has ever faced: how can we reduce the amount of carbon in the atmosphere to avoid the most catastrophic effects of global warming?
According to a report by the Intergovernmental Panel on Climate Change (IPCC), we have just over a decade to do so. Citing this report, Professor Michael Maniates, the head of environmental studies at Yale-NUS College told a 100-strong audience in Singapore on Thursday: “We are approaching the carbon cliff.”
“We need to radically reduce our emissions. We shouldn’t kid ourselves, it’s going to be difficult. We need to find solutions that are aggressive, targeted and can spread,” said Maniates at the launch of The Liveability Challenge, a global competition to find solutions to the world’s toughest problems.
Finding ways to almost half emissions by 2030, which the IPCC report says is required, is the objective of the initiative, a Temasek Foundation Ecosperity-supported program that is offering up to S$1 million ($734,000) in funding for ideas that change the way we produce and consume energy and resources.
Other finalists will also get the opportunity to win a fundraising campaign worth up to S$500,000, a place on an incubator program, and a mentorship opportunity with Circular Economy Club, a network of professionals who work in the circular economy space.
Read the full article about the competition seeking solutions to climate change by Robin Hicks at eco-business.com.