Venture capital firms this year have begun raising hundreds of millions of dollars that they plan to deploy into proptech startups aimed at taking on climate change by making buildings more sustainable. The surge of investment, taking place across the U.S., Canada and Europe, comes as experts see multiple coinciding forces that will push developers and landlords to adopt green building technologies in the coming years. Government action, from local building regulations to President Joe Biden's push to spend hundreds of billions on sustainable buildings, is expected to force rapid adoption of climate proptech solutions. But the movement isn't just coming from the government — shareholders, lenders and tenants have been escalating pressure on landlords to make their buildings become more climate-friendly. 
"If we're going to hit any of the dates out there like 2030 or 2050 to be carbon neutral, you need to be investing between $2 and $5 trillion every year in retrofitting buildings with climate tech stuff," said Fifth Wall Ventures partner Greg Smithies,…  Read the full story here. | 
