We spoke with Yrjö Ojasaar, co-founder of Change Ventures, about the investment firm's focus on founders from Baltic countries and he shift in global trends towards climate tech.

Change Ventures has raised two funds totaling around 50 million euros, and its investments include companies like Veriff and Printify.

In the NatureBacked podcast of Single.Earth, Tarmo Virki talks with investors and entrepreneurs about their vision of the new green world.

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A few key takeaways from Yrjö Ojasaar:

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"There's been overall world trend where we have externalized the environmental issue, to where we don't take into account, what is the effect, the long term effect on society on carbon on availability of materials on prices on any of that. It's sort of been accepted as well, that we'll put that down for a zero. And that's why virgin materials ... has been price competitive, we have now realized that the cost is not zero."

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"We've been really hooked on this cheap energy, but it's been like getting energy from coffee. Instead of sleeping, exercising and eating well, I'll just have one more espresso. One more espresso. You get this quick boost. And then you need another quick boost, and you need another quick boost. But how long can you keep going without changing the fundamentals?"

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"I think solar, wind, those technologies are going to have a much faster rollout, and more energy, more investment, more attention dedicated to them. And they're going to be much faster in scaling. So there are going to be positive impacts in the long run. And, of course, with electric vehicles and alternative energy vehicles, and even, you know, cold fusion and things like that. They're all going to get a boost from trying to unhook ourselves from the traditional petrochemical type of industry."

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