NPR: "Startups want to geoengineer a cooler planet. With few rules, experts see big risks"

by Julia Simon

This attraction is especially felt in Silicon Valley, says Gernot Wagner, a climate economist at Columbia Business School.

"Climate tech is sexy," Wagner says, "because it's the allure of the techno fix. Look to D.C., and things are messy. Politics is messy. Wouldn't it be nice if we could cut through all of this with the ultimate techno fix that will solve this thing once and for all?"

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The trend is clear. So are the challenges. One key task is to de-risk capital investments to lower costs. This is where public climate finance must play its most critical role – not as charity, but as leverage.

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