WHY DO WE HOLD A CLIMATE STARTUP EUROPE AWARDS?
The European Commission is looking at cost-efficient ways to make the European economy more climate-friendly and less energy-consuming.
Its low-carbon economy roadmap suggests that:
- By 2050, the EU should cut greenhouse gas emissions to 80% below 1990 levels
- Milestones to achieve this are 40% emissions cuts by 2030 and 60% by 2040
- All sectors need to contribute
- The low-carbon transition is feasible & affordable.
The roadmap suggests that, by 2050, the EU should cut its emissions to 80% below 1990 levels through domestic reductions alone (i.e. rather than relying on international credits). This is in line with EU leaders’ commitment to reducing emissions by 80-95% by 2050 in the context of similar reductions to be taken by developed countries as a group.
To reach this goal, the EU must make continued progress towards a low-carbon society. Clean technologies play an important role.
The objective of the Climate category is to award the startups that develop clean technologies and low- or zero-carbon energy, spurring growth and jobs help Europe reduce its use off-key resources like energy, raw materials, land and water. Also, startups who create product or services that help with the mitigation of the impact of the climate change.
The most important eligibility criteria are the following:
- Business Model
- Customer Value Proposition
- Scalability and Market Reach
- Social Clauses: job generated, gender policy, social inclusion, collaboration with NGOs, trainees program.
- European Dimension: participation in European funded projects, partnership or agreements with other European partners.