Korea Climate Tech Association Stresses 'Need for Support to Create Private Market' at Climate Tech Innovation Roundtable
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The Korea Climate Tech Association said it attended a climate tech innovation alliance roundtable. Climate tech refers to fields that use technology to address climate change issues. It includes technologies that reduce carbon emissions or use energy more efficiently.
At the event, the association stated that for the climate tech sector to grow, a private market must be created, and support must be provided alongside it. This is because climate tech companies can only continue their business if there is a market where their technologies can actually be used, even after they have developed them.
The roundtable was arranged as a forum where various stakeholders in the climate tech sector gathered to discuss collaborative measures for innovation. Participants agreed that technology development and market formation must proceed together.
As interest in climate issues grows, climate tech is expected to become an increasingly important field. Attention is focusing on how support measures to nurture the private market will be developed.
Sources: beSUCCESS
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