CREtech Climate Briefs February 22, 2023 - Enteligent & Ecomedes raise funds, + more
Summary
Zooming in: With EV adoption rates rising, the ability to charge with your own solar-generated electricity may be a game-changer - the technology clearly has significant potential to scale in the real estate sector. The big picture: Industry leaders Fifth Wall, JLL Spark, as well as Hong Kong and London-based Undivided Ventures are accelerating the pace of fundraising in property technology in the APAC region. On the contrary, significant investment sums have been deployed into software tracking and carbon emissions reduction, and on fastening the transition to cleaner energy. The tradeoff: Using accounting principles as an analogy when describing the challenges facing the built environment offers a paradigm shift in thinking about the problem. With the impending Local Law 97 set to come into force in 2024, owner/operators, developers, and other real estate industry stakeholders are increasingly getting prepared to address the citys aggressive carbon emissions caps.