Corbin Hiar of E&E News reports on private financing for climate tech.
- Last week the world’s largest carbon removal facility opened in the U.S., which is a testament to the power of the market.
- Financial firms like Brookfield Asset Management have raised $10 billion to invest in clean energy projects around the world.
- These milestones are important to reducing the green premium of clean technologies and could be accelerated by implementing pro-growth, technology-neutral tax policy.
“Last April, the private equity giant Apollo became one of the first mainstream investment firms to take an interest in helping climate tech firms navigate the valley of death. That term refers to the phase in an industrial technology company’s development when it needs more money than venture capitalists can offer to reach commercial scale, but it remains too speculative for a bank loan. (Climate software startups, which don’t need to build massive infrastructure projects to scale up, don’t face the same funding challenges.)”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
