By Courteney Peters
31 October 2024
When we talk about fighting climate change, technology might not be the first thing that comes to mind. But as we unveil Improving Sustainability as one of Techweek25's key content pillars, Kiwi innovation is proving to be a powerful force in our journey toward a more sustainable future – and the world is taking notice.
Take Allbirds, who transformed wool from a traditional export into sustainable sneakers that have become a global phenomenon. Or consider LanzaTech, whose groundbreaking technology converts waste gas into aviation fuel. These aren't just success stories – they're proof that New Zealand can lead the way in creating climate solutions that work.
The timing couldn't be better. NZTech's 2023 report, "Technology for Emissions Reduction: A framework for Aotearoa's Climate Technology Roadmap," highlights how crucial technology is in our fight against climate change. From artificial intelligence managing our energy use more efficiently to Internet of Things sensors monitoring our natural environment, tech is becoming our strongest ally in reducing emissions.
The numbers tell an exciting story. Globally, CleanTech investment is growing five times faster than average, with early-stage venture funding reaching USD$16.1 billion in 2019. By 2030, the climate technology market is projected to reach $100 billion. This isn't just good news for the planet – it's a massive economic opportunity for New Zealand innovators.
But we face some challenges. Currently sitting at 22nd in the CleanTech Group Innovation Index, our innovators are raising 95% less private investment than comparable small advanced economies. Our geographical isolation can make it harder to connect with global customers and investors. These are exactly the kinds of challenges that need collective action to overcome.
That's why NZTech has been working alongside Government and industry to create a framework for a Climate Technology Roadmap. As Graeme Muller, NZTech CEO, explains, "The role of technology in sustainability is vast and cannot be overstated." We're seeing innovation across every sector:
The urgency is real. New Zealand could face billions in costs before 2030 if we don't reduce emissions faster. But this challenge is also driving innovation. Our tech sector is stepping up, working alongside government and industry partners to create solutions that work for our unique context.
At Techweek25, we'll showcase how Kiwi innovators are turning these challenges into opportunities. You'll hear from companies developing everything from smart energy management systems to revolutionary waste reduction technologies. More importantly, you'll discover how these innovations are creating real impact in our communities and beyond.
Success requires the right mix of skills, funding, and collaboration. That's why Techweek25 is bringing together people from across the ecosystem – entrepreneurs, researchers, investors, and industry leaders – to share knowledge and build partnerships that can accelerate our progress. Together, we can boost New Zealand into the top ranks of global CleanTech innovation.
Join us this May as we explore how Kiwi innovation is helping build a more sustainable future. Whether you're a tech company working on climate solutions, a business looking to reduce your environmental impact, or simply someone interested in how technology can create positive change, Techweek25 is your opportunity to be part of this crucial conversation.
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