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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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The problem with COP26

Low Impact

The IPCC recently conducted a study into the combined effects of all the agreed targets of the countries taking part in the ongoing COP talks. Has there been any progress in reducing global carbon emissions since Paris in 2015? And it’s not all about carbon emissions. Also, most countries will miss their targets.

COP 113
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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.

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Big Meat Unveils Battle Plans for COP28

DeSmogBlog

Farming will be front and centre at this year’s COP. percent contribution to global human-induced emissions is a higher share than aviation. Animal agriculture is the largest emitter of methane, a greenhouse gas 80 times more potent than carbon dioxide when measured over a 20 year period.

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UK coal mine approval: Is this the worst ever climate policy decision?

Business Green

The Cameron-era decisions to block onshore wind development, slash energy efficiency funding, delay green building standards, and shelve carbon capture and storage (CCS) plans undermined UK energy security and slowed the clean energy transition. There are plenty more, a fair few of which are not fit to print. We should be getting clean.

Policy 101
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'We are witnessing the impacts of a disorderly transition': CCC boss Chris Stark on net zero in the wake of Covid-19

Business Green

Meanwhile, public polling suggests bailing out high carbon companies without attaching carbon reduction targets would be an unpopular move. With so many planes grounded, airlines are perhaps the most high profile example of struggling high carbon firms seeking state support to survive.