Anglo American is taking steps to lower its carbon footprint and achieve net-zero emissions by 2050. They are using the world’s biggest green-hydrogen powered nuGen truck at the Mogalakwena mine in Limpopo. They are also investing in renewable energy sources like solar and wind power.

Climate change is a pressing global issue with far-reaching consequences. Rising global temperatures, extreme weather events, and sea-level rise are just some of the alarming signs of this phenomenon. The impact of climate change is felt across all sectors of society, from agriculture and energy to transportation and healthcare.

For example, companies like Tesla, SpaceX, and Google have all benefited from early-stage funding, which has enabled them to scale their operations and achieve significant milestones. These companies have demonstrated the potential of climate tech startups to drive innovation and economic growth. The summary provides a strong argument for supporting climate tech startups. However, it lacks a discussion of potential challenges and risks associated with this approach. **Please expand on the summary by addressing the following:**

1. **Potential Challenges and Risks:** What are some of the key challenges and risks associated with funding climate tech startups? 2. **Impact on Existing Industries:** How might funding climate tech startups impact existing industries and traditional energy providers?