Decarb Weekly 3/28/24

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: 

A Roadmap for Rapid Decarbonization-without deep emissions cuts – AMBIO

Recent Market News:

• On Monday (3/25), the U.S. announced $6 billion in funding aimed at decarbonizing heavy industry. One quarter of the funds, $1.5 billion, are set to go directly to six projects seeking to decarbonizing cement. – Canary Media 
• Oil and gas companies, including Chevron and BP, are accelerating investments in geothermal energy, betting the technologies that fueled the shale revolution can turn the budding industry into a large producer of clean power. – WSJ
• New Summit Investments raised $100 million to continue investing in managers backing startups and other companies focused on environmental and social problems. – TechCrunch

Transactions:

• 3/27/24: Cordillera, the niche-markets private equity firm, invested more than $150 million in carbon credits. The firm’s investment follows demand for high-quality credits as new pollution-disclosure rules are expected to bring more transparency to the sector. – WSJ
• 3/20/24 (Correction): AirMyne, a developer of carbon removal technology, raised $6.9 million in seed funding. The startup aims to scale high-quality carbon removal and is working with a sequestration partner in the San Joaqiun Delta region. – TechCrunch

Deep Dive:
How can we scale decarbonization for US commercial real estate – ARUP

Podcast:
Compliance and Voluntary Carbon Markets in the EU & US – Carbon Removal Newsroom

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.