The SEC's Controversial New Climate Rules Can Help Grow the Economy

The Securities and Exchange Commission's recent vote to establish new climate disclosure rules is facing predictable criticism from two opposing sides. To certain industry groups, the rules requiring corporations to track and report additional data showing their effects on the environment is governmental overreach in business. To some environmental groups, the rules don't go far enough, since they leave out emissions in companies' supply chains, known as Scope 3.

Now, as companies look for ways to meet these new SEC rules, they're expected to turn to climate tech solutions, boosting the sector—and breathing new life into this part of the U.S. economy before climate tech communities in other countries beat us out.Having co-founded Greentown Labs, the largest climate tech incubator in North America, I've long seen that entrepreneurs in this space are some of the hardest working, most environmentally committed business leaders of our time.

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