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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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? Blackrock’s $550M DAC bet #174

Climate Tech VC

Meanwhile, Michigan approves a bundle of clean energy bills, the UN irons out details for the "loss and damages" fund ahead of COP, and Flexport launches a book and claim model for SAFs.  Tech-enabled credits continue to constitute a big chunk of an anticipated $1T voluntary carbon market , and Oxy is on a development frenzy.