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Innovative climate solutions are the focus of this year’s RBC Tech for Nature 2022 funding partnerships

Newest wave of funding will assist propel universities and charities creating options from carbon sequestration to cleantech and biodiversity; a part of RBC Basis’s $100-million dedication

TORONTO, July 6, 2022 /CNW/ – Local weather-focused innovation is the important thing theme for this yr’s RBC Tech for Nature companions, as they flip their consideration to alternatives to guard our pure ecosystem.

RBC Tech for Nature helps drive local weather innovation and options in help of the transition to internet zero, supporting greater than 100 companion organizations conduct revolutionary analysis. These companions are on the forefront of the discussions and downside fixing by contributing key analysis, next-generation know-how, and using knowledge to reinforce our understanding of the sources wanted to guard our planet.

RBC is all in on serving to to construct a cleaner future and attaining a decrease emissions world. As a part of our dedication to accelerating the transition to net-zero, we’re working with our shoppers to help and allow their plans, and by addressing emissions from our personal operations.

RBC Tech for Nature helps our local weather technique which outlines 4 key precedence areas in direction of attaining net-zero by 2050. To study extra, go to: RBC Climate Blueprint.

“With the impacts of local weather change affecting all communities and sectors of the financial system, we’re working carefully with our shoppers and companions to ship constructive options management, collaboration, ingenuity, and imaginative and prescient to attain the transition to internet zero,” says Mark Beckles, Vice-President, Social Affect & Innovation, RBC. “RBC Tech for Nature companions are creating options for a greener future and are working to get us all there sooner.”

22 per cent of the tasks deal with pure sources conservation, together with easy methods to help biodiversity and sequester carbon.

  • Island Nature Belief: LandSteward, Synthetic Intelligence for Island Neighborhood Conservation will pilot LandSteward, a cutting-edge know-how giving scientists, conservationists, and coverage makers the info and the instruments they should create and handle pure infrastructure tasks. LandSteward will empower farmers and woodlot homeowners throughout Prince Edward Island to leverage the pure infrastructure of their working landscapes for biodiversity and local weather resilience. This venture will develop a brand new scientific conservation platform that equips community-led pure infrastructure tasks with synthetic intelligence and cell know-how.

17 per cent of those tasks deal with local weather adaptation as we study to stay in a local weather that’s ever-changing.

  • Ocean Smart is working with Indigenous communities, NGOs and trade to revive and domesticate kelp forests via new know-how like inexperienced gravel restoration. Kelp reforestation, or Seaforestation, might help mitigate local weather change by sequestering carbon, decreasing ocean acidification, defending coastlines, and preserving biodiversity.

24 per cent of the tasks deal with water conservation, together with defending our water provide from plastics and waste.

  • Nets for Internet Zero: Deserted, misplaced or in any other case discarded fishing gear (ALDFG) is accountable for 20 to 46 per cent of marine plastics globally. Nets for Internet Zero goals to implement a digital round provide chain system for ALDFG, enabling gear reporting, mapping and recycling to help the regeneration of the world’s oceans. Powered by blockchain know-how and the eOceans platform, Nets for Internet Zero will join three predominant occasions within the provide chain, together with port of origin; transportation to the recycling facility; and extrusion and palletization.

The remaining 37 per cent of the companions cowl a variety of local weather points together with biodiversity, cleantech, training, and vitality use.

“The challenges going through our ocean can solely be addressed if we’re capable of rally hundreds of thousands of individuals to face up and take motion. Ocean Smart is a world chief in inspiring and empowering folks to take motion for the ocean, however we acknowledge the important want for applied sciences that may assist us to scale our actions to the extent wanted,” says Lasse Gustavsson, President & CEO, Ocean Smart Conservation Affiliation. “Due to the help of RBC Tech for Nature, we might be higher geared up to do precisely that.”

Go to the Day by day Hive RBC Tech for Nature Hub together with The Pembina Institute’s venture’s to make Electrical Car house charging extra accessible to a wider vary of residents.

Learn extra about balancing the wants of current and future generations at RBC Stories.

About RBC

Royal Financial institution of Canada is a world monetary establishment with a purpose-driven, principles-led strategy to delivering main efficiency. Our success comes from the 89,000+ staff who leverage their imaginations and insights to deliver our imaginative and prescient, values and technique to life so we might help our shoppers thrive and communities prosper. As Canada’s largest financial institution and one of many largest on the earth, primarily based on market capitalization, we’ve got a diversified enterprise mannequin with a deal with innovation and offering distinctive experiences to our 17 million shoppers in Canada, the U.S. and 27 different nations. Study extra at rbc.com.

We’re proud to help a broad vary of group initiatives via donations, group investments and worker volunteer actions. See how at rbc.com/community-social-impact.

SOURCE RBC

For additional data: For media inquiries, please contact: Rachel MacLeod, Company Communications, RBC, [email protected]

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