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? $32bn and 30% drop as market hits pause in 2023

Climate Tech VC

Download the full report and data (clients) Highlights 💰 2023 investment: Funding in 2023 totaled $32bn, down 30% from 2022, although CAGR remains high since 2020 at 23%. 🚗 Vertical: Transportation and Energy investment declined, but remained on top.   💸 Round size: Average deal size decreased 28%.

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Netze BW expands power grid and continues substation biodiversification

Smart Energy International

Netze BW GmbH has announced two actions to bolster power transmission in Germany: a strengthening of the power grid in Kusterdingen and the latest biodiverse summation substation for Hechingen-Weilheim. Power line works in Kusterdingen. According to Netze BW, construction is expected to end on 10 September 2022.

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? CTVC’s guide to NYCW #163

Climate Tech VC

In the news this week, $7T for fossil fuel subsidies, the summer brings more tropical storms, and Equinor opens the world’s largest floating wind farm… to power oil drilling. for Northvolt to build energy storage, $100M for direct lithium extraction, and $60M for heat batteries. Thanks for reading!

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? Fueling carbon-free transport

Climate Tech VC

As energy demands increase for heavier and longer-distance transport, the energy efficiency equation for fossil based-fuels becomes harder to displace. So far, electrification and hydrogen-based options have struggled to achieve sufficient energy densities. These lower-carbon fuels are only as good as their ingredients.

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Mapped: The Network of Powerful Agribusiness Groups Lobbying to Water Down the EU’s Sustainable Farming Targets

DeSmogBlog

To identify the powerful actors most actively lobbying against these key EU regulations and policies, DeSmog analysed corporate reports, lobbying records, official position papers, responses to public EU consultations, media events, and meetings held with various EU bodies over the past two years. Meet the Industry Trade Groups.

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'The green recovery starts at home': EU accelerates Green Deal with buildings, chemicals, and methane plans

Business Green

In the latest addition to its 'green recovery' package, the European Commission yesterday unveiled a flurry of crucial green strategies, targets, and policies, ranging from new green building and renewable energy programmes, to tighter rules governing chemical use and methane emissions.

Methane 48
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? US clean investment cleans up with $239bn #187

Climate Tech VC

The US Clean Investment Monitor published its annual report for 2023, which saw clean investment total $239bn, up 38% from 2022. Winners include manufacturing, up 133% from 2022, and emerging climate technologies that saw a whopping 10x jump to $4.3bn. Energy & industry. Happy Monday!  of dollars put to work.