Read the following passage about Innovation Driven by Environmental Need and mark the letter A, B, C or D on your answer sheet to indicate the best answer to each of the following questions from 23 to 30.
Green startups have emerged as forces for positive environmental change. These companies create sustainable solutions for urgent ecological challenges. Unlike traditional businesses prioritizing profits, green startups balance financial goals with environmental responsibility. Many were founded by young entrepreneurs who witnessed environmental degradation and felt compelled to act. Their mission extends beyond making money; they aim to heal our planet while building successful businesses.
Eco-friendly startups have grown across various sectors. From renewable energy and sustainable agriculture to zero-waste products, these companies revolutionize how we interact with our environment. GreenWave developed ocean farming requiring no fertilizers while capturing carbon. Notpla created edible packaging from seaweed as a plastic alternative. These innovations show how creativity and environmental consciousness produce extraordinary results. Their success proves sustainability and profitability can coexist.
Funding for green startups has increased in the past decade. Investors recognize supporting environmentally responsible businesses is both ethical and financially prudent. Venture capitalists have established funds dedicated to sustainable startups, providing capital to scale operations. Government grants have become more accessible to entrepreneurs developing green technologies. Despite positive developments, green startups still face regulatory hurdles and competition from established industries resistant to change.
The future looks promising for environmental businesses as consumers shift toward sustainable products. Studies show modern consumers, particularly younger generations, will pay premium prices for eco-friendly alternatives. This trend creates fertile ground for green startups to thrive. As climate concerns intensify, demand for innovative environmental solutions will grow stronger. Green startups are positioned to meet this demand while driving positive change, demonstrating business innovation and environmental stewardship can create a sustainable world.
According to the passage, which of the following is NOT mentioned as a challenge faced by green startups?
