Here Are The Top Trends That Will Shape Climate Tech In 2023

"In 2022, we saw climate change wreak havoc on the world, and as a result 2023 will be defined by a Pandora's box of climate technologies," says the National Oceanic and Atmospheric Administration.

In a new report, MIT Technology Review lays out what it sees as the top four trends that will shape the climate tech industry in the next decade.

Among them: Lawmakers will pass laws to increase the use of climate technologies such as artificial intelligence and hyperspectral remote imaging.

Engineers will flock to climate tech companies to bring new technologies to the table.

Carbon credits will face a major challenge: The cost of carbon credits is expected to rise to 3,000% in the next decade, and there are many issues with the strategy, including the fact that the Earth doesn't have enough land to offset all of society's carbon emissions.

"These critical assessments need advanced data acquisition and analysis, prompting opportunities for the climate tech industry's innovations," writes MIT Technology Review.

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