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? Alterra’s $30B bridge for climate financing #176

Climate Tech VC

The first few days of COP have ushered in a wave of major announcements and funding pledges. In deals, major funding includes $116M for hydrogen-powered aviation, $44M for sustainability software, and $75M in project finance investment for SAFs. Happy Monday!    And happy COPing to those on the ground in Dubai!

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Net Zero: Green groups urge UK 'to get its house in order' ahead of COP26

Business Green

Arguing that "the time is now" for the UK to be a global climate leader, it calls for immediate policy action to ensure that by 2030 all homes are highly energy efficient, petrol and diesel car sales are phased out, wind and solar generation triples, and 10 million heat pumps are installed in homes.

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'Half measures won't halve emissions': The green economy reacts to IPCC's climate solutions report

Business Green

They are choking our planet, based on their vested interests and historic investments in fossil fuels, when cheaper, renewable solutions provide green jobs, energy security, and greater price stability. Inflation is rising, and the war in Ukraine is causing food and energy prices to skyrocket.

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Forget 2050: As COP26 Starts, Five Immediate Priorities for Oil and Gas

EDF + Business

Blanton, a Senior Research Scholar at the Center on Global Energy Policy , and Ben Ratner, Associate Vice President at EDF. For all the attention to corporate net zero by 2050 commitments, the reality is that actions in this decade will be decisive for both the planet’s warming trajectory and energy firms’ viability in the energy transition.

Methane 57
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? Ammonia goes from fertilizer to fuel #180

Climate Tech VC

  In deals, $90m for animal-free dairy, $50m for fusion, and $30m for resi solar and storage.  Fortescue unveiled a green ammonia dual-fuel ship at COP. Saudi Arabian ACWA Power outlined a $4bn green hydrogen and ammonia facility in Egypt that could produce up to 600,000 tons of green ammonia per year.

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? Nuclear’s day in the sun #177

Climate Tech VC

Do the next best thing and read our COP reflections.  climate envoy John Kerry announced 24 countries including France, Japan and the UK pledged to triple nuclear capacity by 2050. The pledge also calls on international banks to include nuclear in energy lending policies to help finance project-killing infrastructure expenditures.

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? The BFD with BYD #169

Climate Tech VC

The electric competition is head and shoulders above the legacy automakers and scrappy startups racing to turn EV strategies into production and deliveries, and the trends of Tesla in the US and BYD in China illustrate some of the larger geopolitical tensions in the EV supply chain. BYD also has solar operations. Thanks for reading!