Decarb Weekly 5/22/2025

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: 

The Climate Adaption & Resilience (A&R) Market May Grow to Between $0.5 Trillion and
$1.3 Trillion from 2025 to 2030—and Become Even Larger Thereafter – BCG

Recent Market News:

• The U.S. Department of the Interior has lifted the stop-work order on Equinor’s Empire Wind project, allowing construction to resume on the $5 billion offshore wind farm. – Hart Energy
• Leading direct air capture startups, including Climeworks and Heirloom, are cutting staff as uncertainty grows over U.S. federal funding for carbon removal projects. – WSJ

Transactions:

• 5/21/25: Microsoft has signed a historic 10-year agreement with Exomad Green to remove 1.24 million tonnes of CO₂ using biochar, marking the largest biochar carbon removal deal to date. – Carbon Herald
• 5/20/25: Alt Carbon has secured a $12 million seed funding round led by Lachy Groom to scale carbon dioxide removal in India using Enhanced Rock Weathering. – Tech Crunch
• 5/15/25: Paris-based Riverse has raised €5 million in seed funding to expand its carbon crediting platform. – Tech.eu
• 5/13/25: Japan-based climate tech company Asuene has acquired U.S. carbon accounting startup NZero. – Fintech Global

In-Depth Read:
Add innovation and performance by subtracting carbon and cost – McKinsey

Podcast:
How carbon removal pioneer Climeworks is tackling its first major layoff – Bloomberg Zero

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