Last Updated on December 25, 2023 by News Editor
Climate change has caught the attention of many countries. This is mainly due to its severe effects. For instance, the Middle East is currently experiencing increased temperatures, extreme drought, and desertification due to climate change. Continents like Africa are also trying to adapt to the effects of climate change.
This situation has led to the emergence of green technology. Green technology includes all forms of technology used to reduce climate change and improve sustainability. Essentially, green tech is deployed to protect the environment and increase climate change adaptation.
Over the years, many countries have increased their investment in green technology. For instance, Saudi Arabia recently announced that it intends to invest $266 billion in clean energy. This shows that many government institutions and investors are interested in funding green energy projects. Due to this significant interest in green tech, numerous grant programs are available for green tech companies.
Green Tech Grants to Leverage
Climate Change AI Innovation Grants
Climate Change AI (CCAI) has announced a grant program for 2023. The program offers up to $150,000 per project and intends to provide $1.2 million for all projects. According to CCAI, it launched the program to support impactful research leveraging Artificial Intelligence or Machine Learning to improve climate change adaptation and mitigation. However, the program is only open to climate tech projects of up to twelve months in duration. For more details on the program, check out the application process.
Green Tech Business Growth Fund Grants
This grant was created by the government of Crawley, a town in England. It seeks to provide extensive support to green tech startups through grants of up to £10,000. Larger green tech businesses can also apply for grants of up to £175,000. The primary aim of the grant is to expand Crawley’s green tech ecosystem and support the government’s efforts to green the economy. For more information on the grant’s application process, visit here.
Climate Technology Initiative—Funding for Climate or Clean Energy Projects
The Private Financing Advisory Network (PFAN) created this grant to fund clean energy projects. The grant accepts applications from green tech projects based in South Asia, Eastern Europe, Caribbean Islands, Central America, and Central Asia. Projects are generally permitted to request between $1 million and $50 million. However, rural electrification projects can request much smaller sums like $500,000. Clean energy companies, individuals, and public-private partnerships are eligible to apply. For more information on the application process, visit here.
Governance and Sustainability Grants
This opportunity provides one-off grants of up to $50,000 to projects that enhance sustainability in specific Australian areas. However, only organizations with annual revenue below $3 million are allowed to apply. For more information on this grant, visit here.
Green tech is gaining the main stage across the world. As a green tech company seeking to scale operations, there are many funding opportunities to leverage, and grants are one of them.