Decarb Weekly 11/21/24

Decarb Weekly, by Industria Partners, is a collection of articles focusing on trends and transactions in industrial decarbonization and climate tech. 

Chart of the Week: 

Voluntary carbon market size, by value of traded credits, pre-2005 to 2023 – Ecosystem Marketplace

Recent Market News:

• The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved new rules for REDD+ forestry projects, aiming to address past issues with carbon offset claims. The updated methodologies, which received a Core Carbon Principles (CCP) label, are meant to ensure higher quality assurance, though some experts argue that further improvements are needed. – WSJ
• Microsoft, alongside RBC, is pre-purchasing 10,000 metric tons of carbon over 10 years from Deep Sky, a DAC project developer, to accelerate its commitment to becoming carbon negative by 2030. Deep Sky will host a bake off among eight startups in Alberta, Canada, to find the most efficient carbon capture technology. – TechCrunch

Transactions:

• 11/12/24: General Galactic raised $8 million in seed funding, bringing total investment to $10 million. The startup develops a modular platform that converts CO2 into renewable hydrocarbon fuel. – ESGtoday
• 11/12/24: Copernic Catalysts raised an oversubscribed $8 million Series Seed Prime round to scale its ammonia synthesis catalyst. – BusinessWire

In-Depth Read:
Low-carbon tech needs much fewer materials than it used to; this matters for resource extraction in the future – Sustainability by Numbers

Podcast:
Is clean power at a tipping point in Asia? – Thoughts on the Market | Morgan Stanley

Industria Partners provides focused strategic advisory services to industrial, climate, infrastructure, and energy companies at every point across the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients. Visit our website: Industria Partners